Asset-based lending

Secure a loan against the assets of your business and take advantage of better interest rates

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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.

Why asset-based lending?

Better interest rates

Secured against the assets of your business which lessens the risk to the lender resulting in more favorable interest rates than an unsecured loan

More flexibility

The focus is on the quality of the asset to be secured and less on the credit rating of your business

Fewer covenants

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

Types of asset-based lending

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What can I use the funds for?

Industries taking advantage of asset-based lending

Manufacturing

Construction

Wholesalers

Transportation

Business services

Whether you are growing rapidly, have seasonal cash fluctuations or are looking to grow your business via new equipment or a new contract, asset-based lending is a good way to unlock the capital required

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Disclaimer: Swoop Finance Ltd (Swoop) helps US firms access business finance, working directly with businesses and their trusted advisors. We are a credit broker and do not provide loans or other 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 can introduce applicants to a number of providers based on the applicants’ circumstances and creditworthiness. Swoop may receive a commission or finder’s fee for effecting such introductions. If you feel you have a complaint, please read our complaints section highlighted above and also contained within our terms and conditions.
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