We can help you secure an asset-based loan.
Asset-based loans are a type of business financing secured by your assets. The assets used to back your loan can include real estate, accounts receivables, inventory, equipment, or something else. The value of the assets you use as collateral determines the amount of capital you can acquire.
The main feature of asset-based loans is that you use assets as collateral. If you end up defaulting on your loan, your lender can seize and sell the pledged assets to recover their losses. You can also secure your asset-based loan using a variety of assets, depending on what you and the lender agree.
For many businesses in Covington, Louisiana, asset-based loans are used to provide working capital for their operation. This can be particularly useful if your company has significant assets but needs additional liquidity to support its growth, day-to-day operations, or other financial needs.
At TB Capital Partners, asset-based loans are one of the many types of lending products we offer. If you want to acquire an asset-based loan, we can help you understand your operations and guide you through the lending process. If approved, we will fund your loan quickly, so you can begin to benefit from this influx of capital.
When you need capital and your business has assets that can be used as collateral, we highly recommend an asset-based loan. To learn more about asset-based loans or to start your lending application, reach out to us today.
Contact TB Capital Partners Today!
FAQs About Asset-Based Loans
If you need funding to run your operations or start a new venture, you may want to consider an asset-based loan. Asset-based loans are one of the many types of loans we offer here at TB Capital Partners, and we have answered some common questions we receive about this loan type below.
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What is an asset-based loan?
An asset-based loan is a type of financing secured by assets your operation already owns. Some of the assets you can use to secure your loan include accounts receivable, real estate, equipment, inventory, or something else. The amount of capital you receive depends on the amount of collateral tied to the loan.
What are some key features of an asset-based loan?
The main feature of asset-based loans is that you tie your loan to collateral. If you no longer pay your loan and end up defaulting on it, your lender can then seize the assets associated with your loan.
Why are asset-based loans beneficial?
We often recommend asset-based loans to businesses that have a significant amount of assets and need working capital to keep their operation going.
Why should I choose you as my lending partner?
We make the lending process simple and hassle-free. When you choose us as your lending partner, we will go above and beyond to make the funding process beneficial.
How do I set up a consultation?
If you are ready to talk to us about your lending options, especially asset-based loans, contact us directly to set up a consultation.
Contact TB Capital Partners Today!
At TB Capital Partners, we offer asset-based loans to customers in Covington, New Orleans, and Baton Rouge, Louisiana.
