Asset Based Lending
Asset based lending is a loan which is secured by a company’s assets. Asset based loans are utilized by companies that need working capital to operate and grow. Often companies looking for an asset based funding option need it to manage their cash flow. Whether the problem stems from growing too fast or just covering costs, an asset based loan enables the company to position themselves in just the right way.
If you’ve searched for small business funding options, you know that your business needs to have a strong cash flow profile, revenue history, and solid credit. But if your business is impacted by low revenue, cash flow dips, or poor credit, an asset based loan can still be an option for you.
Qualifying for an asset based loan doesn’t focus on your financial history or credit score. Rather, lenders look into the value of your business’ assets, which are in turn used as collateral in case you default on your loan. Assets considered include accounts receivable, equipment, inventory, or real estate. Asset-backed loans can be structured as either term loans or lines of credit, and can borrow up to 85% of the value of the assets put up as collateral.
Asset based loans are often the best solution for both the small business owner and the lender. The assets you put up as collateral for an asset based loan are vital towards providing the security that the lender will end up getting their money back in the end, even in the event of default. As a result, lenders are more comfortable giving longer terms and lower rates, resulting in better options for everyone.
The REIL Advantage
Whether you’re applying for asset based lending or another funding option with REIL Capital, you’ll receive the REIL advantage of our excellent customer support and service. Here at REIL, we want to make it as easy as possible for small businesses to get the funding they need. REIL Capital is also a family owned and operated company, which means we know how important your business is to you. That’s the reason why our company is committed to providing cost-effective access to the financing your business needs at lightning speed. That way you can focus on what you do best; running your business. Whether your business is looking for an asset based loan, or if you need unsecured financing such as our term loan or merchant cash advance options, you’ll receive the same stellar level of care and attention we give to all of our clients.
REIL Capital offers funding options that work for today’s small business owners. If you need funding, know that we offer a number of different financing types, including:
- Fast SBA Loans
- Terms Loans
- Fast Business Line of Credit
- Merchant Cash Advances
- Invoice Financing
- Equipment Financing
- Asset Based Lending
- Fix and Flip Funding
We know there is no time to waste when you’re looking for funding. That’s why REIL Capital has streamlined our online application process and put it online! If you’d like to apply with us, fill out our two minute application, and you’ll receive a call from one of REIL’s Capital Specialists, who can go over in detail all of the options that work best for your business. Whether it’s a cash advance or an asset based loan, you can trust REIL Capital to help you make the best financial decision for your small business.
If you’d like to learn more about how REIL Capital can help, get in touch with us today to get our process started. It’s as easy as completing our online application, calling in at (888)601-REIL, or sending an email in to ! Regardless of how you want to reach out to us, a REIL Capital Specialist is standing by, ready to aid your business. Don’t wait — your business could get the funding it’s looking for today!