Asset-based Loans
Asset-Based Loans are valued for quicker approvals and shorter-term maturity. Since the loans are secured based on hard assets, the application process is less strenuous.
Asset-Based Loan Benefits
Get approved in a few short hours or days.
Asset-based financing decisions.
No long-term interest charges.
What is an asset-based loan?
Asset-Based loans mature in as little as a few months and up to three years, depending on your financial needs. During the loan term, only interest is charged. Once the loan matures, the principal becomes due in a balloon payment. Assert-based loans are best suited for real estate transactions with a fast turn-around or when filling a large order. For example, a business can secure an asset-based loan on real estate that is being renovated, then use the loan to pay for the renovations on that property, then resell the property at a profit to repay the loan.
Although hard assets are used to secure asset-based loans, the use of such loans isn’t limited to real estate and equipment.
Among the most flexible types of financing, asset-based loans can be used for working capital, interior design, event hosting, marketing campaigns, ordering materials and supplies, and much more. When applying asset-based loans to operational costs, most borrowers fund projects that will quickly generate income that can be used to pay off the loan. Asset-based loans can be thought of as a springboard for new ideas and projects: redesign a hotel lobby to attract new clients; host a ticketed event to promote your new range of products; take on a large order to serve a high-volume customer. As long as you have the drive to make your ideas succeed, you can finance them with an asset-based loan.
Traditional and non-traditional lenders available to you
In Capital Accessible Through Our Network
Fastest time to funding through Platz Capital
Working Capital
Asset-based loans and bridge loans are two easy ways to boost your business’s working capital without having to wait through a long application process. However, they aren’t the only ways to get fast cash. If you want flexible funds that you can apply anywhere in your business, check out SBA 7(a) loans, lines of credit, factoring, and term loans.
Real Estate
Asset-based loans let you make a competitive cash offer when you’re shopping for real estate. If you can afford to take your time, many loans help cover the cost of new properties without charging high interest rates. SBA loans and long-term CRE loans will give you the funds you need to add to your investment portfolio, move into a new workspace, or construct a space that’s customized for your business.
Equipment
When you need the latest tech and equipment ASAP, an asset-based loan will help you get it. But if you want funding that’s specially designed for equipment, there are equipment loans, leases, and lease-buybacks that let you get money for equipment you want or get you money for the equipment you already have. Use it not only for tractors, machine presses, and medical equipment but for software technology too.
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Step 1 - Preapplication
This is the step the banks miss. You'll give us simple information that will help us position you for funding.
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Step 2 - Financing Selection
Our team sources and presents offers along with the critical information you need to make decisions.
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Step 3 - Closing
We facilitate the process from final selection to closing to create the smoothest process possible.
BEGIN THE PRE-QUALIFICATION PROCESS
F.A.Q
Q. Is an asset-based loan right for my business?
Asset-based loans are an easy way to leverage your assets when you need quick cash. The trade-off for this convenience is that interest rates tend to be higher than other types of loans. Asset-based loans also mature in a short time, so you have to be prepared to pay them back when they’re due. If you can afford the time, long-term loans may be more affordable.
Q. Where do I get an asset-based loan?
Most traditional banks don’t offer asset-based loans. They primarily come from private lenders. If you’re not sure where to get the best rates on an asset-based loan, a qualified broker can help you compare deals to see which is the best fit for your business.
Q. Are asset-based loans risky?
As with most loans, you should carefully evaluate your ability to repay before you commit to the loan. Because asset-based loans are short-term, coming up with the funds to repay them can be a challenge. However, if you plan to see a return from your investment within a short period, asset-based loans are ideal for many situations.
Q. How do I qualify for an asset-based loan?
An asset-based loan requires an asset like real estate, equipment, or inventory to secure it. The lender will use the item’s LTV or Loan-to-Value ratio to decide how much you can expect to borrow. Specific requirements depend on your lender, but you don’t have to have good credit to qualify. For more information, contact a qualified broker today.