Do you have valuable business assets but don’t know how to leverage them to help grow your business? Are you frustrated with the temporary lull in cash flow between providing your goods or service and receiving payment of the invoice?
Asset-based financing may be the solution you need to provide you with the cash flow to keep operating and take advantage of business growth opportunities.
These assets can be used as collateral to qualify your business so you can scale faster:
The amount of funding you can receive will depend on the value of the asset you are borrowing against. Generally, a lender will use a loan-to-value ratio. The value of your asset and the percentage the lender is willing to loan is determined by the lender.
Because the loan is secured by an asset, they are considered less risky compared to unsecured lending. Therefore they usually attract a lower interest rate and fewer covenants, which are favorable to the borrower.
To discover how your assets can be used to unlock the funding you need to grow your business, contact FV Vantage™ today.
When you employ the services of FV Vantage™, one of our business funding specialists will explore all your funding options for the amount you want to borrow, to locate the right solution for your situation. If asset-based financing is a suitable option, the discussion will turn to the assets you own that can be used to secure the loan. You will also need to provide good financials including your financial history. Other documentation may be required depending on your situation and the loan amount. The easiest way for you to see if you qualify for asset-based funding, and the amount you can borrow, is to contact FV Vantage™ today and start the conversation.
The amount you can borrow depends on many variables starting with the asset you are using to secure the loan. Lenders commonly use a loan-to-value ratio to determine the maximum amount they will fund. Each lender sets the percentage of the value of your asset they are willing to finance. Typically different assets will be offered at different percentages, depending on the liquidity of the asset should you default. Other factors often considered are your business's financial records, stability of your business, and ability to repay the funds. To discuss how you can use your assets to receive funding, contact FV Vantage™ today.
This type of financing gives you access to a percentage of the value of your business assets, providing you with capital to continue operating and investing in growth opportunities. They are typically quicker and easier to obtain than unsecured loans and have fewer covenants. Because you are using your asset as security, the interest rate offered is generally lower. Asset-based financing is an attractive funding solution for businesses that might not have the credit history or meet the criteria to secure a traditional bank loan. Talk to FV Vantage™ today to discover how much you can borrow to grow your business using your assets as collateral.
The length of time to be approved depends on the amount you wish to borrow and the value of the asset being used as collateral. For example, a loan for commercial real estate could take 30 - 60 days compared to a week or less for business equipment. The easiest way to find out how long your approval will take, and prevent unnecessary delays, is to talk to one of the FV Vantage™ business funding experts. Once we know the amount you want to borrow and the assets you have at your disposal to use as collateral, we can advise you on the best strategy moving forward.