Asset-based loans can be great solutions for business owners facing cash flow problems.
Healthy cash flow makes it possible for your business to keep itself running and for you to invest in the things that will help it grow. However, having a consistent and healthy cash flow isn’t always guaranteed in the business world. Whether you run a seasonal business that needs extra help during an off-season or business is just slower than usual for some other reason, you may need funding from a lender to stay afloat.
If you’re having trouble making ends meet, you may want to consider seeking asset-based loans. Asset-based loans allow you to get capital from a lender by using both our tangible and intangible assets as collateral. Collateral can include equipment, inventory, accounts receivable, and real estate you own. Typically, you will need to put up your collateral, and then the lender will determine the value of your assets, offering a loan or line of credit based on a percentage of that value. Once your loan is secured, you will be able to spend where you need to, whether you’re interested in purchasing more inventory, expanding your operations, or covering expenses from unexpected obstacles.
At TB Capital Partners, we offer asset-based loans to business owners in New Orleans, Louisiana and nationwide. We know how challenging it can be to get the funding you need through a traditional lender, but our private lending company is equipped to provide the flexible solutions you need. We regularly work with businesses in unique financial situations or with those who have lower credit scores, and we can customize asset-based loans to suit each client’s needs.
Contact us today to learn more.
At TB Capital Partners, we offer asset-based loans to customers in Covington, New Orleans, and Baton Rouge, Louisiana.
