Asset-Based loans provide businesses with immediate funds and ongoing cash flow in the form of a revolving line of credit based on a percentage of the value of the company's assets, such as commercial accounts receivable and inventory. Businesses pay interest only on the funds they've drawn.
A business loan secured by collateral (assets). The loan, or line of credit, is secured by inventory, accounts receivable and/or other balance-sheet assets. Also capital for purchase orders & contracts can be used.
Also known as or "asset-based financing".
Asset-based revolving lines of credit typically range from very small (25k) to 20 million
Companies qualifying for a asset-based loan will be involved usually in (business-to-business) in manufacturing, wholesale,staffing, oil & gas production and oil field services and various distribution or business services generating commercial accounts receivable invoices. In most cases, annual sales range between $5 million +.
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Monty Busch has been has been in real estate finance of for 13 years.