Receiving an asset-based loan may also be an opportunity for many companies to obtain working capital or funds for expansion. Since our company’s focus is on Asset Based Business Loans, we know all the intricacies of how they work and how our business can get this kind of financing. At our company, we offer individualized solutions when it comes to loan services.
Asset-based loans refer to business financing in which the loan is approved depending on the value of business assets and not the credit history. This makes them available to a broader market of businesses. Our company’s asset-based loan facility involves accounts receivable, inventory, machinery, equipment, and other business assets as security.
How Our Asset Based Lending Process Works?
The application and approval processes have been made less cumbersome and time-consuming than the traditional ones; this way, businesses can easily access the funding they need. Here are the steps we take to facilitate loans: Here are the steps we take to facilitate asset-based business loans:
Customize Solution for Business Needs
The first step involves understanding the business and its financial position, resources, and required financing. Our loan specialists make it their business to understand each client’s needs.
Assess and Offer Loan
Then, we assess the characteristics of the assets that can be utilized to guarantee the funding. These include accounts receivables, stocks, office equipment, manufacturing machinery, and land and buildings. When there is a choice of assets to be considered, approval is more likely.
Extensive Expertise
By leveraging our extensive lender database, we can offer each client individual facilities depending on their portfolio’s characteristics. We have partners amongst all the lenders across the different types of assets.
Prepare and Organize Data
We organize the preparation of all necessary paperwork and the collection of all necessary financial information from the client to provide the best possible loan application to the lender. This expertise increases the likelihood that our clients will be approved on the most favorable terms.
Help in Document Processing
After this, we help close the loan and obtain financing. For asset-based business loans, we are experts who take care of all the processes and documents.
The Post-Closing Services
We also offer post-closing services, such as assisting the client in obtaining new funding as the business expands. Loan terms are not fixed and can be modified over time to suit the parties’ current needs; along with other aspects, this factor also makes us different from other asset based loan companies.
The Benefits of Working With Purple Tree Funding
As an established facilitator for asset-based business loans, our company provides many vital benefits:
- Faster Approvals: We simplify the application process and use our lending affiliations to provide quicker loan approvals, putting more money in our client’s pockets.
- Higher Approval Rates: By optimizing the available assets and ensuring that each client is matched with the right lender, the probability of getting a loan approved is increased. Our experience makes it easy for us.
- Better Loan Terms: We can negotiate favorable deals, including the best interest rates and other forms of repayment for our clients. We maximize value so you can get an asset-based business loan without hardcore terms.
- Ongoing Support: We offer support, modifications, and a new line of credit as clients’ needs change throughout their business development. This ensures the client’s long-term self-fulfillment.
- Custom Solutions: Each client and every situation is different. Every business has unique strengths, objectives, and needs, and solutions are crafted according to these characteristics. This flexibility results in a proper financing match.
Purple Tree Funding, an experienced asset-based lending company specializes in providing fast funding to businesses based on their assets. We keep the value to the bare minimum while making everything as easy as possible.
