Why Asset Based Lending

          As with any loan, the lender's main concern is getting repaid.  Asset Based Loans are no different.  Asset Based Loans use the borrowers accounts receivables as the primary collateral as security to lend money.  Asset Based Loans are unique as the lender's primary focus is on the accounts receivable as it is considered a self liquidating loan.  A self liquidating loan means the loan should pay itself off with the open receivables that haven't been paid.  Traditional bank financing looks at all of the pieces of the business (i.e. debt to equity ratio minimums, personal credit, profitability and more).  Asset Based Lenders aren't focus as much on the other pieces.  So a company with poor personal credit, recent losses, a deficient net worth, or even a recent bankruptcy or tax delinquency wouldn't preclude a borrower from obtaining an Asset Based Loan. 

To find out if Asset Based Lending can help your business grow to the next level, please Call Us @ 1.856.562.0409 or Email Us @ Bdschneck@gmail.com