Collateral & Asset-based Lending — $20,000 to $10,000,000
When your company is in need of working capital, Approved Finance Group can turn your assets into cash. We will finance the value of the asset. Unlike banks, we finance most loans with very little consideration of credit. We can lend to companies with tax liens, bankruptcies; and one man shops. Best of all, you keep the asset for your use and get the cash value of it as well. The payments are tax deductable.
Approved Finance Group offers a flexible and customized approach to asset-based lending designed to give entrepreneurs access to the working capital that's tied up in many asset classifications on your company's balance sheet, such as Accounts Receivable, Fixed Assets, Equipment, Real Estate, Computers, Inventory, etc.
Some types of collateral that we finance:
- Real Estate
- Heavy Machinery
- Construction Equipment
- Printing Equipment
- Trucks
- Office Equipment/Furniture
- Computers
- Tools
By borrowing against these current assets, management is able to generate cash sooner than if it had to wait for inventory to become accounts receivable, and for accounts receivable to become cash. Wholesalers, retailers, distributors, manufacturers and service companies can all benefit from the use of our revolving credit facility.
Our revolving credit facilities are custom structured to meet the needs of each business. In order to make the loan "work", Approved Finance Group's financial engineers will work outside the box to find the best way to give the client the maximum availability.
Approved Finance Group's underwriters will determine an advance rate and an eligibility formula. The advance rate is the maximum percentage that we can make available against the eligible assets in your company's borrowing base. Typical advance rates may vary significantly depending on the type of business, the stability of the business, and the additional collateral available.
Contact us today to see how much we can get for you.
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