Asset-Based Financing
Asset-Based Financing is a specialized method of providing companies with working capital that use accounts receivables, inventory, machinery, equipment, or real estate as collateral. With Smart Business Funding’s Asset-Based financing program, leverage your assets to access affordable capital.
Asset-Based Financing Process
Applying
You or a financial expert from your organization fills out a brief business funding application and sends it to our team along with bank statements of the business over the last three months. We also need information about the asset that is being used as leverage.
Qualifying
Our team will review the information you’ve provided. Generally, most inquiries get approved within a matter of hours.
Receiving
Receiving your new funding from Smart Business Funding can take 24 hours or less! If there are no hiccups in the application and qualifying stages, we can get the funds to you within 24 hours after approval. Our goal is to get your business funds into your hands as fast as possible. We will work with you to make sure that happens.
Reimbursement
The cost of Asset-Based Financing depends on the value of the asset used, the amount of the financing given, as well as the general risk involved.
Frequently Ask Questions
A : No. There are never any penalties for paying off the Asset Based Financing early. We actually offer discounts and incentives for paying back the Asset Based Financing early.
A : There is no reporting to any credit reporting agency.
A : Businesses are typically eligible for renewal as soon as they are 50% paid back.
Get The Funding You Need Today
Businesses of all sizes are encouraged to contact us about our Asset-Based Financing options or apply for Asset-Based Financing today! Funding from Smart Business Funding that backs your business to help it grow can be the difference between an average business and one that succeeds and surpasses competitors. Contact us today to learn more!
