How Asset Based Loan Financing Works
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Please note that our lending partners promote various business loan products. Interest rates and APR will vary between lenders. Rates are also dependent on the qualifications of individual users
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.
5 out of 5
The process was fast and very easy. I didn't encounter any problems from the beginning of the application to when I was funded.
I really love the LendingScore™
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.
The customer service was awesome!
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!
Everything was good
Everything was good! I will for sure return for repeated business.
Everything was pretty cool
I was connected to a lender, and everything was done with the click of a button.
The process was pretty good! It met my expectations with its service and speed.
Very, very smooth
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.
Become (formerly Lending Express)
It was an easy experience. The person assigned to my account was so helpful. She explained everything to me so that all my questions were answered and I was comfortable with my loan.
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.
Everything was great. Thanks for the help.
Why Businesses Love Us
How It Works
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.