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
- Artwork, Jewelry
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.
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.