Are you having cash crunch & need capital to operate or grow your business? You need immediate funding to move forward? An ABL can support your business need & help you grow & get the success you deserve.
An Asset-based loan is a way for small businesses to secure financing from lenders by using their companies' assets as collateral such as invoices, inventory, equipment, machinery, or commercial property. Accounts receivable financing & factoring are some of the most common types of small business asset based lending. Accounts receivable is used as collateral in the former while AR is sold to a third party for a discounted price in the latter type of financing. ABL works like a revolving loan meaning it's accessible when you need it & you can pay it down whenever you choose.
Our Asset-based loan structure allows you to secure funding to meet your business' unique financial need without any credit checks & only your asset is used to get the amount. Our innovative & secure small business lending platform helps you compare interest rates, terms, and payments for a variety of ABL lending options & get quick approval within 24- 48 business hours.Get Started Today!
Easy & Quick to Obtain These loans include less documentation & quick processing than many of its counterparts like unsecured loans & line of credit.
More Flexible than Loans ABLs are extremely flexible when it comes to how you spend it. There are no restrictions attached, like other loan forms.
Lower Rate of Interest Asset-based loans generally come with lower interest rates than many of its counterparts.
No Need of Perfect CreditAsset-based lenders are less worried about your business' previous cash flow, profitability, or even your personal or business credit & revenue history. Generally, these loans are secured against the value of your assets.
Less Personal Risk You don't require signing a personal guarantee or putting up collateral, like a family home or car in ABL loans. Since some specific assets from your business' balance sheet are used as collateral by the lenders, there's less personal risk involved.
Sign UpSign up on our secure & innovative lending platform to apply safely for funding.
Apply & Get ApprovedFill out an application, compare loan options & accept the one right for you or your client.
Receive FundsReceive the approved funds in your business account within 24-48 business hours.
Make PaymentsA fixed amount is automatically debited from your business bank account for repayment.