Business Financing Programs
What Are Asset-Based Loans?
Asset-Based loans tend to have lower rates and allow lenders the ability to take more risks in their funding offers. Securing a loan is a way to get aggressive rates and terms on small business funding.
Asset-Based Loans are loans that are secured using assets such as commercial or personal real estate, vehicles, or equipment.
These loans can range from 1-5 years, and have a broad range of rates based on the credit of the business owner and the collateral being utilized. Rates are usually lower than 30%, often ranging from 13%-19%. Our most aggressive asset-based loan has simple monthly interest (interest only) and starts at 1% per month.
Programming like this is perfect for those who want interest only loan packages, consolidation, or term loans but are unable to secure those loans conventionally.