Asset Based Financing Proves To Be An Easier Business Funding Option Compared To Traditional Lending
Asset based lending proves to be a better option for business owners seeking financing. Now, business owners can use collateral to secure business loans. Business loans range from $100,000 to over $5 Million. Funding occurs within one week. All credit types are accepted -- in fact, bad credit is welcome.
Business owners who have been turned down by traditional banks finally have a business financing solution -- asset based financing.
VMI LLC, a California company, allows business owners to use their assets as collateral to secure financing. They say yes when the conventional banks say no.
Borrowing against assets presents borrowers with more business financing options as compared to traditional or conventional financing.
There are three important ways in which asset based lending is different from and superior to traditional financing:
1. Asset based financing does not require a specific credit score--in fact, bad credit is welcome.
2. Asset based financing allows unfettered discretion on how the loan funds will be used.
3. Asset based lending funds much quicker than traditional lending.
Asset based lending amounts range from $100,000 up to $5 Million.
The requirements to apply for asset based financing are minimal. The main requirement is that the collateral pledged must have equity.
The types of collateral considered are:
• Real Estate (commercial, residential, industrial, land)
• Equipment (construction, heavy)
• Artwork, Jewelry
• Boats and Cars
• Cash Value of Life Insurance
• Notes and Mortgages Receivable
The terms range depending upon the type of asset based financing. The funding process occurs in one week.
All credit types are accepted, especially bad credit. Bad credit will not disqualify an applicant. In fact, this program encourages applicants with less than perfect credit to apply.
According to the website, www.GetBizMoney.com, the most important factor in asset based financing is the collateral that is being pledged.
Using collateral to secure asset based lending provides a creative financial solution for many purposes such as:
• working capital
• buying equipment
• bridge loans
• start up financing
To learn more about asset based funding, go to www.GetBizMoney.com or call 1-866-930-3434.
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- Contact Information
- Skylar Marshall
- Communications Specialist
- VMI LLC
- Contact via E-mail
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