Asset Based Lending

Asset Based Lending

Asset based financing is a type of business lending that is secured by assets pledged by the borrowing company.

We allow for a variety of assets to be used as collateral to secure the loan.

Asset Types Considered

  • Real Estate (commercial, industrial, residential, land)
  • Construction & Heavy Equipment
  • Cash Value of Life Insurance
  • Boats & Cars
  • Notes & Mortgages Receivable
  • Gold
  • Artwork, Jewelry

 

FUNDED DEAL

Dentist requests $400,000 to use as working capital to expand his  dental practice. He has poor credit with multiple late pays and overdrafts. His collateral is his personal home that has $800,000 equity.

Result: Approved for $400,000 using personal residence as collateral.

 

FUNDED DEAL

Customer owns a commercial building worth $13MM.  The property has $6MM in equity. Customer seeks $2MM for loan payoffs and working capital. Loan funded in 8 days.

Result: Approved for $2MM using commercial building as collateral.

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