Access Business Finance strives to provide you with thorough information about asset-based lending and how our solutions can benefit your company or your business customer. If your question isn’t addressed on this page, please contact us today and our helpful professionals will assist you.
What is asset-based lending?
Asset-based loans are secured by company assets such as eligible accounts receivable, inventory, real estate or equipment. Asset-based lending is a viable source of capital for businesses unable to qualify for traditional bank financing.
How does asset-based lending differ from traditional bank financing?
Asset-based lending analyzes the quality and performance of the underlying collateral and then considers the borrower’s financial condition, ownership/management, and overall business circumstances. Traditional bank financing is based on anticipated cash flow and often requires more stringent financial requirements and loan covenants from the borrower.
Who can benefit from asset-based lending?
Access Business Finance serves clients in a variety of industries across the U.S., including manufacturing, wholesalers, distribution, service companies, personnel and construction among many others. We provide timely and efficient financing solutions for all companies from startups to established businesses seeking additional funds for expansion, acquisitions or turnarounds.
- Aerospace and Government Services
- Building Products, Materials and Construction
- Business Services
- Consumer, Food and Retail
- Energy, Oil and Gas
- Environmental Science
- Healthcare and Life Services
- Real Estate
- Transportation and Logistics
How can asset-based loans be used?
Our asset-based lending solutions are used by companies that are experiencing rapid growth, high leverage, turnaround or bankruptcy, operating losses (pre-profit), minimal or deficit net worth, tax problems or a blemished credit history. Asset-based loans can be earmarked for working capital, to fund a merger and acquisition, to address debt consolidation and many other financial situations.
What is a hard money real estate loan?
Hard money real estate loans are most common in the United States and Canada and refer to money a borrower receives secured by real estate. Most hard money real estate loans are used for a borrowing need lasting from six months to a few years.
What is Debtor-in-Possession (DIP) financing?
DIP financing is offered to a company going through the Chapter 11 bankruptcy process to provide a fresh financial start, under strict conditions. This debt typically takes precedence over all other debt, equity and other company-issued securities.
Why choose Access Business Finance over other lenders?
Since 1996, we have served businesses as a trustworthy asset-based lender led by knowledgeable, approachable founders/owners and professionals who make all decisions locally. With a history of more than 400 transactions, we find the asset-based lending solution that fits each situation perfectly. High-growth, turnaround and pre-profit companies all seek our expertise:
- We provide attentive service and respond to all new referrals within 24 hours
- All borrowers meet with Access Business Finance’s founders/owners
- We deliver quick approvals and personal attention to your financial situation
- We promptly notify referral sources about the results of referrals, and our referral partners benefit from our referral fee program
Will I eventually qualify for a traditional bank loan?
Access Business Finance’s goal is to get your company on track to receive traditional bank financing in the future. Our asset-based loans are designed to bridge the gap between your financial reality today and your financial goals for tomorrow. A success story for us means a client no longer needs our services because they qualify for traditional bank financing.