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Asset Based Lending

What Is Asset Based Lending?

Asset Based Lending is a financing option available to businesses who need cash for day to day operations or large scale projects. Asset Based Lending uses your company’s assets, such as inventory, accounts receivable, equipment, or machinery, to determine an amount you can borrow based on the value of the assets you choose to put up for collateral.

How Do Asset Based Loans Work?

The process is easy and very fast:

Step 1 -  Apply

We have a convenient quote form available for you to begin the process of applying for your ABL.

Step 2 - We Assess Your Assets

Let us know which assets you prefer to use as collateral and their estimated value. We often use a company’s accounts receivables or inventory. However, we are also willing to consider other assets, such as valuable equipment or company property. We will assess the value of your assets and let you know how much you qualify to receive.

Step 3 - Fast Approval

The approval process usually takes less than a week. Your application and company finances will be reviewed by our underwriting department as quickly as possible, where your eligibility will be determined. Upon approval, you will receive your funds within 24 hours.

Step 4 - Fund Your Venture!

Finance your growth strategies, cover your daily expenses, or pay your employees’ wages on time and with peace-of-mind. Apply for an Asset Based Loan today!

Who Needs an ABL?

Asset Based Lending is an excellent financing option for companies in nearly every industry including startups, small businesses, and large corporations. Whether you lead a retailer, distribution company, or a service based business, we are happy to work with you and provide you with the funding you need.

The Advantages of Asset Based Lending

Businesses in need of funding that cannot or do not want to increase their debt with a traditional bank loan will love the many benefits of an ABL.

Receive Fast Payouts

When you apply for a bank loan, you may have to wait several weeks or even months to find out if your business will receive approval. At Sell My Invoice, our underwriting department will make a decision within 2 to 5 business days.

Boost Cash Flow

When you’re in a bind and need immediate funding, you don’t have time to wait for a bank loan. You need cash now. Increase your cash flow within 24 hours with a reliable Asset Based Loan.

Protect Your Personal Assets

If you default on a traditional business loan, the bank could seize your personal assets, including your car or even your house. Asset Based Lending uses only your business assets as collateral, so your personal property is protected.

Obtain Funding for Your Startup

Many startups cannot receive funding from a bank until they’ve been in business for at least two years. Asset Based Loans are often an excellent choice for businesses who need funding but do not yet qualify for a bank loan.

Get an Advance with Little or No Credit

We are proud to serve businesses from every credit situation. We have even worked with companies who have filed for bankruptcy.

Get A Quote Today!

Want to speak with a financial expert about the advantages of Asset Based Lending. Feel free to contact us anytime with questions. Or if you are ready to begin an application, you can get started at the link below.

Get A Quote