Asset-based lending
Borrowing against what the business already owns — invoices, stock, plant — which is why it usually prices better than anything else we place.
- Amount
- $50,000 – $2,000,000
- Term
- Revolving or fixed
When it fits
- You have real receivables, inventory or equipment on the balance sheet.
- The amount you need is larger than an unsecured lender would write.
- You can produce an ageing report, a stock list or an equipment schedule.
When it does not
A young business with few assets and strong deposits will usually get further, faster, with a term loan or a line of credit.
What it looks like
- What arrives
- An advance against the assets, drawn or in one go
- What leaves
- Repayment as the assets convert — invoices paid, stock sold
- Security
- Registered against the assets it is advanced on
- Review
- Ongoing: the facility follows the asset base
Expect to be asked for more than the standard file: an accounts-receivable ageing, an inventory listing, or a schedule of the equipment, depending on what is being lent against.
What people spend it on
- Unpaid invoices that are good but slow
- Stock sitting on a shelf before a season
- Equipment you own outright
- A number bigger than an unsecured lender will write
Pick this when you own something real. It usually prices better than anything else here, and it takes longer to put in place.
How to get one
Five steps. About ten minutes, most of it finding your statements. One file goes to the lenders most likely to fund it — you don't apply four times.
- 1Make an accountBusiness email, name, phone, password. Two minutes.
- 2Answer eleven short questionsWhere you trade, what you turn over, how much you need. It saves as you type.
- 3Send six months of bank statementsPDFs from your bank. This is the part underwriters read.
- 4Add your paperwork and verify your IDIncorporation documents, the owners, and a photo of your licence.
- 5Send itMost decisions come back within one business day.
How the four compare
You don't have to pick. Send one application and we come back with the one that fits. Here's how they differ.
| Amount | Term | Secured on | |
|---|---|---|---|
| Term loans | $5,000 – $2,000,000 | 6 – 60 months | Usually none pledged; a personal guarantee is common |
| Revenue-based line of credit | Up to $500,000 | Revolving | — |
| Asset-based lending | $50,000 – $2,000,000 | Revolving or fixed | Registered against the assets it is advanced on |
| Equipment financing | $10,000 – $1,000,000 | 12 – 72 months | The equipment itself |
What it costs
In dollars, before you sign. The amount. The total you'll repay. The payment. How many payments. Multiply the last two and you're back at the total — that's the whole of it.
No rate to compound out yourself. No fee that shows up in month four. If a number on an agreement isn't obvious, call us before you sign it. That's what we're for.
An approved application. Amount, total payback, payment, number of payments — the four figures, before anything is signed.
What we need to place it
The same file whichever of the four it turns out to be. Most of the ten minutes is finding the statements, which is why it is worth doing first.
Questions
Because the lender's exposure is covered by something real. The cost of money tracks risk, and a secured facility carries less of it.
Still deciding? Talk to a specialist — no application required.
The other three
- Term loansA fixed amount, a fixed schedule, and nothing pledged against it. The straightest answer when you know the number and the timeline.
- Revenue-based line of creditDraw what you need, pay for what you draw, and the limit moves with what you turn over. For months that are uneven rather than short.
- Equipment financingThe oven, the van, the line. Financed against the thing itself, so the payment sits against what the thing earns.