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
Our offices:
Disclaimer: Swoop Finance helps South African 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. We can introduce you to a panel of lenders, equity funds and grant agencies. Whichever lender you choose we may receive commission from them (either a fixed fee of fixed % of the amount you receive) and different lenders pay different rates. For certain lenders, we do have influence over the interest rate, and this can impact the amount you pay under the agreement. 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 can introduce applicants to a number of providers based on the applicants’ circumstances and creditworthiness. Swoop Finance (Pty) Ltd is registered with CIPC in South Africa (company number 2023/820661/07, registered address 21 Dreyer Street, Cape Town, South Africa, 7708).
UK
IRE
AU
CA
US
ZA
yet? Register here!