What is Asset Based Financing used for?
Asset Based Loans offer flexible financing solutions for the following uses: Working Capital The assets available to apply to a business’ operations are considered working capital assets. At times, working capital loans are needed to bridge financial gaps during the lifecycle of a business. Working capital loans can be secured by a variety of asset types, including accounts receivable, inventory, equipment, and/or real estate. Acquisition To grow a business, a company may look to acquire a strategic partner or even a competitor. Asset Based Financing is often an efficient means to obtain funding for business acquisitions. Learn how Simplicity doubled its size through acquisition and asset based financing. Turnaround Financing Turnaround financing is often used by under-performing businesses that are not achieving their full potential. In some cases, it is used for businesses that are either insolvent or on their way to becoming insolvent. Asset Based Lenders are accustomed to the bankr
