Asset Based Lending
Asset Based Lending
Inventory Financing
An Inventory based asset loan is secured by the inventory being purchased. Qualified applicants will need to show that the inventory will bring in sufficient income to repay the loan.
Funding can be for up to 90% of the total cost of the inventory being purchased can be obtained as long as proper requirements are being met, making our inventory loans perfect for business owners who have been denied a conventional loan due to credit history or some other factor. Inventory loans cannot be used for the purchase of property for its potential future value, or for the purchase of real estate. Business owners who require funding for the purchase of inventory will typically find an asset-based inventory loan the easiest option in terms of repayment and collateral requirements.
Commercial Real Estate
An asset-based commercial real estate loan is based on the value of a business’s owned real estate. The real estate owned by the business will be used as collateral to secure the loan, providing the lender with the additional security they need, as well as providing a financing route for businesses that have a less than stellar credit history.
Funding can be provided for up to 90% of the value of the property. Asset-based real estate loans allow funds to be used for day to day business expenses. Consequently, this financing can be used to smooth over cash flow issues or to fund expansion outside of real estate.
Accounts Receivables
An accounts receivables loan is based on the amount of money owed to a business in form of invoices or billing. Funds can be used for the daily operations of the business including the purchase of inventory, employee wages, and utility payments.
Small businesses with 2 prior year’s tax returns and proof of ability to repay the loan are easily qualified for up to 100% financing. Our accounts receivables loans are repaid as funds become available and typically carry low APR. In addition, A/R loans are typically based on the credit worthiness of a company’s invoiced customers, often making it a great fit for businesses with a strong client base but weaker company credit history.
Equipment Loans
Our asset-based equipment loans are calculated using the value of the business-owned equipment. In order to qualify, the equipment must have long-term value and must be used solely for business purposes. Our asset-based equipment loans can be used for the purchase of upgrades, construction and for daily business operations.
Funding is based on the value of equipment, with the equipment being used as collateral for the loan. Financing up to 90% is available with our Equipment asset loans with APR between 5% and 15%, making this type of loan readily available to small businesses with less than desirable credit histories.
Hard Money Loans
Asset-based hard money loans are secured by real property, with a repayment timeline of a few months to a few years in length. Similar to a bridge loan, a hard money loan provides funding to assist in temporary financial situations or while your business is waiting for long-term financing to be approved.
Our Hard Money loans can be acquired even if the property owner is in a distressed financial situation. Funding can be up to 75% of the value of the collateral property and can be used for a variety of business operations including the purchase of inventory, employee wages, insurance, and construction or landscaping projects. Uniquely, hard money financing requires payment only on the interest on the loan, with the final balance due at the end of the term.
Acquisition Financing
The acquisition of real estate is an important part of a business growth. Most businesses are eligible for acquisition financing, with funds that can be used for purchasing real estate for storage, expansion, or owner occupation. Loans are typically long-term, between 10 to 20 years in length. Usually, the business will be responsible for a 10% down payment.
Acquisition financing is easily attainable for small businesses, with the loans carrying a low interest rate and easy terms. New businesses can use funds to purchase their first building, while seasoned businesses may use the funds to expand or franchise their business. Acquisition financing makes purchasing property for business much less stressful for business owners.
P.O Box 591 Lithia FL – 33547
contact@probusinessfinance.com
813-226-7342
For more information contact us.
Para mas información contactenos.
For more information contact us.
Para mas información contactenos.
(813) 226 - 7342
contact@probusinessfinance.com