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How Asset Based Loan Financing Works
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trust us with their financing needs4.8/5 on Trustpilot (612 reviews)$410M+ funded through Become28,000+ businesses matchedOperating since 2018Very quick to assist. Gave a range of options and provided ongoing communication. Great service and support with the required outcome. Thank you, much appreciated.
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Summary of Your Funding Profile
Business loan options are provided for informational purposes only. Become is not a lender. Loan approval, terms, and rates are determined solely by our lending partners and are not guaranteed.
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Important: We're here to help businesses registered in the USA, Australia, and New Zealand. If your business is registered in one of these countries, you’re good to go! Otherwise, we’re sorry, but we won’t be able to provide our service.
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Asset-Based Loans for your Business
What is Asset Based Lending?
An asset-based loan is a business loan which carries collateral in the form of assets, such as business equipment, inventory, and assets from balance sheets. When a business cannot ensure that its cash flow can cover the loan, the lender can approve the loan based on the overall value of the business's assets.
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Discover all of your funding offers and secure the best loan for your business. Compare. Choose. Get funded!
Important To Know
Asset-based loan interest rates are low
When comparing the rate of interest to alternative loans, in particular, unsecured business loans, the interest rates on asset-based loans is considerably lower and this alone is always a major plus for business owners seeking funding for small businesses. The primary reason for the low rates is because the business's assets can be used as collateral in the event that repayment cannot be made.
New equipment can be purchased
Asset-based loans enable businesses to acquire new and improved equipment, and of the highest quality. New equipment significantly boosts productivity levels and increases output due to fewer repairs required and lower maintenance costs. This saves ample amounts of business capital for everyday business operations.
Asset-based loans have tax benefits
Though capital allowances, businesses which have taken out asset-based loans are eligible for tax benefits in certain cases. These benefits come in the form of financial deductions corporation tax bills. A major advantage is that these allowances are available on a multitude of business inventory and equipment.
Customer Testimonials
After over 10 years in business, we've helped tens of thousands of companies secure funding.
Here's what some of our customers have to say.
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Just wow. Had work with some companies before and had taken longer for a way smaller amount. Got my line of credit in about 15 minutes and receive the money less than 48 hours after applying.Veronica Lamas from Lawndale, CA
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Become has been extremely helpful to our growing business! We had lenders compete for our business and close a loan that works for us!Antonio L. from Tampa, FL
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I really love LendingScore™, which helped me to focus on the right things to increase my business credit. The process was easy and they checked in regularly to make sure that I was aware of lending options available.Shannon Deamer from Smyrna, GA
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It was a completely smooth process from the beginning to the end. I signed up and was funded within the day. Couldn't ask for anything more.Mason K Hanger from West Columbia, SC
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Extremely easy and fast loan process, received the money in my account within 24 hours. I wish I would have received more money that I had requested but other than that there was zero issuesMarla Ringo from Spring, TX
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I was connected to a lender, and everything was done with the click of a button.Frank Williams from Greenville, MS
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I had a great experience getting a loan with Become. The staff was very responsive and guided me throughout the whole process. I highly recommend working with Become!!Jimmy Potters from Fairfax, VA
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They kept trying and trying for me. I know I wasn’t their only client but they made me feel like I was. I really thought they had my back every day.Website was good too. No complaints!Ryan Methner from Mount Pleasant, MI
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The process was fast and very easy. I didn't encounter any problems from the beginning of the application to when I was funded.Nathan Pease from Hamilton, MO
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They were so helpful and explained everything to me so that all my questions were answered and I was comfortable with my loan.Nina Galvin from Cranston, RI
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