The asset-based loan is a type of working capital, growth, and supply chain financing, the loans secured your account receivable, inventory, machinery, and equipment, and no personal credit score is required. This loan is a great option for the consumer products manufacturers, industrial valve manufacturer, who want to improve cash flow cycle, have inventory, account receivable and seek an interest-only monthly payment. The borrowers can get loan against their companies’ asset-based to increase production capacity.
Lines Of Credit & Term Loans
- Loan Type: Initial Advance, Lines of Credit
- Loan Amount: $500,000-$7,500,000
- Term Loan: 6-24 months
- Interest on Monthly Payments: 12%-18%
- Funding Time: Within 14 days
- No Control of Cash
- No FICO Required
Unsecured Lines of Credit Financing
We collaborate with a wide range of businesses to offer unsecured lines of credit. The options are flexible and available for small business. Business owners have been using this type of program to pay bills, purchase additional inventory, buy out a business partner, purchase commercial equipment and use for working capital.
Why Unsecured? Simplicity!
- No personal collateral
- No Tax Return
- No Business Plan
- Credit utilization rate 50% or lower
- Minimal credit inquiries
- Funding time 3-4 weeks
- Funding Amount: $10,000 – $150,000
- Pre-approved loan within 24 Hours
- Credit score 690 or higher
- 2 Years in Business
- No Bankruptcy
- Business Cannot Have late Pays, Collections, and Liens
- NO Collateral Required
- Fast Funding
- Closing within Weeks
- Required Credit Score 690+
This funding option is the traditional loan, allowing the company to borrow funds against their assets such as, account receivable, equipment, machinery, stock portfolio, warehouse. Most lenders take into account the assets value of the company instead of looking at credit score. Thus, if the secured loan is not repaid, lenders seize the assets that was pledged against the loan. Generally, most secured loans have a low interest rate.