Asset-Based Financing | Asset Based Loans
Asset based lending can provide businesses with immediate funds and ongoing cash flow based on a percentage of the value of the company’s assets, which can include inventory, commercial accounts receivable, business equipment and machinery, and recurring contracts.
Unlike invoice factoring and purchase order financing, when you use asset-based lending, your company receives a loan. Therefore, factors such as the credit and financial strength of your company play a slightly bigger role in the approval process.
The quality and worth of your company assets, however, is the primary consideration in getting your loan approved since your business assets will be used to secure the loan.
Qualifications for Asset-Based Finance
At GrowCo Factoring & Financial, we can create an asset-based loan that is custom tailored to fit your needs - even proviving a revolving line of credit that you can draw on only when you need the funding.
Qualifying for asset-based financing with GrowCo is far easier than working with traditional lending institutions. We will use your equipment, inventory, real estate, and recurring revenue contracts to provide you with the funding you need - when you need it.
And the best part is you only pay interest on the funds you've drawn down overall, so the savings are substantial when compared with a traditional term loan.
You will find that asset-based loans are significantly more competitive and cost-effective than most other financial options.
Why Asset-Based Financing?
- Upgrade business equipment
- Meet your obligations - like rent and payroll
- Catch up on taxes
- Ramp up marketing and advertising efforts
- Buy inventory or supplies
- Pay past due bills
- Take advantage of expansion opportunities
- And whatever else you like – it’s your choice!
Give us a call today at (866) 268-9515 or complete our quick application to get started obtaining the cash you need.
Benefits of Factoring with GrowCo:
- Rates as low as .5%
- Funds deposited into your account within hours
- No long-term contracts
- No minimum volumes or minimum fees
- Factor only when you want
- Factor only the invoices you want
- Flexible and creative financing programs other than factoring
- Super fast approval
- No application fees
No Financials Needed. No Application Fees. Creative Financing for Any Industry. Rates as Low as .5%.
Call us 24 Hours a Day, 7 Days a Week: (866) 268-9515.