What is an Asset Based Loan?
An asset based loan is a loan that is secured by owned collateral. These loans may be secured by real estate, accounts receivable, equipment, or other property owned by the business owner. This secures the loan for the lender, in cases where the borrower defaults on the loan, the lender has the right to obtain the asset.
Learn how an asset based loan can help your business grow by completing our simple online application.
Can You Get a Business Loan Without Collateral?
Yes, there are many options available for business owners to get a business loan without collateral.
Types of financing you may be able to get without having to provide collateral include:
Explore different types of business loans that do not require collateral by completing our simple online application and speak with a business financing advisor today.
How to Get An Asset Based Loan?
An asset based loan can be obtained by researching lenders who offer the product. A small business that has assets that can be used as collateral for a loan is typically eligible for an asset-based loan. The asset may not be offered as collateral to another lender for any additional financing.
To learn how you can obtain an asset based loan for your business. Complete our simple online application today.