3 Advantages to Asset Based Lending

Asset based loans have gained much popularity in the past years. They offer a number of advantages that you can expect from similar products, such as a line of credit. However, qualifying for an asset based loan is much easier through Fast and Easy Funds. Below, are the 4 most important benefits of asset based loans.

Easy to get. Asset Based Lending is easier to qualify for than a business loan from a bank or line of credit. Your business needs to have a short track record of profitability and reasonable financial controls. You also need the assets that can be leveraged.  With a simple application, you can get a loan fast with Fast and Easy – hence the name.

Improved Liquidity. The most important benefit that your company gets from using asset based financing, is improved liquidity. Asset based lending can provide you with financial stability and predictable cash flow. This benefit can help stabilize operations for companies that are growing rapidly, have tight cash flows, or have seasonal revenues.  It is perfect for high growth companies that do not want their lines of credit capped by a traditional lender. Asset based credit lines continue growing as your receivables and/or inventory levels rise.

More Flexible. There are few restrictions when it comes to asset based lending. As long as it serves your business purpose. The financing line itself is tied to the value of your accounts receivables and other collateral. As a result, the credit line can increase as your sales grow. With Fast and Easy, you can get Term sheets within a matter of days.

Cash flow can make or break a business. Don’t fall short this year. Look into the asset based lending program at Fast and Easy for your business needs.