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Asset-based lending (or asset-backed lending) is when a company offers a loan that is secured by an asset. Triumph Business Capital specializes in asset-based lending services for small to midsize companies that require working capital financing to meet cash flow needs. Here is more about Triumph Business Capital’s asset-based finance solutions.
What is an asset-based loan?
An asset-based loan allows you to use your assets to scale your business. An asset loan is essential to businesses that are starting out as it helps them with their next stage of working capital finance. Triumph Business Capital has years of experience providing businesses with asset-based loans specialized for their business needs. We do this by hiring finance professionals with the knowledge and expertise to meet your goals and put your business back on track.
What does our asset-based lending offer?
Size: Our minimum loan utilization is around $1 million.
Financial reporting: Our asset-based lending borrowers typically submit collateral reports to determine loan eligibility. Additionally, borrowers are required to present CPA-reviewed and preferably audited financial statements.
asset loan
Capacity: Triumph Business Capital comprises good financial criteria. We refer to favorable earnings and tangible net worth in the loan underwriting process.
Call Triumph Business Capital for asset-based lending solutions for your business!
Website: https://www.invoicefactoring.com/solutions/asset-based-lending/
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