Get Working Capital with Asset Based Lending
Asset based lending is used by business to maximize their borrowing capacity using accounts receivable and inventory as collateral. Asset based lending has become a useful tool for many under-capitalized businesses, because unlike traditional bank debt, it does not rely upon a business’s balance sheet or cash flow projections as loan criteria. Instead, a company uses their accounts receivables, inventory or equipment as collateral. The result is usually far greater borrowing power than can be achieved from a traditional bank loan or line of credit.
NPK Funding can underwrite asset based financing relatively quickly and easily, so you can get the funding you need when you need it. Since asset based lending is often provided on a revolving line of credit, you can use the cash only what you need. Asset based loans are cost effective and competitive relative to other financial options that are available.
Who Uses Asset Based Lending?
Asset based lending is available to small businesses, medium businesses and large companies. With asset based lending, businesses can tap their assets for working capital to support growth and help fund operating expenses through seasonal and cyclical periods or turnaround situations.
Contact NPK Funding today to get approved!
