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