Secure a loan against the assets of your business and take advantage of better interest rates
Asset-based lending is a common way for businesses to improve their working capital if access to traditional financing is difficult.
As with all financial products, it is important to have all the information on how it works so that you can make the right decision for your business.
Secured against the assets of your business which lessens the risk to the lender resulting in more favorable interest rates than an unsecured loan
The focus is on the quality of the asset to be secured and less on the credit rating of your business
There are typically fewer covenants with asset-based lenders as they focus more on the quality of the asset to be secured and less on the credit rating of the business
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Disclaimer: Swoop Finance Pty Ltd (ABN 52 644 513 333) helps Australian firms access business finance, working directly with firms and their trusted advisors. We are a credit broker and do not provide finance products ourselves. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. Swoop Finance Pty Ltd can introduce applicants to a number of providers based on the applicants’ circumstances and creditworthiness, we may receive a commission or finder’s fee for effecting such introductions. Swoop Finance Pty Ltd does not provide any kind of advice and in giving you information about providers products, we are not making any suggestion or recommendation to you about a particular product. Offers of finance are subject to a separate assessment process by the provider and subject to their terms and conditions. If you feel you have a complaint, please read our complaints section which is contained within our terms and conditions.
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