Asset-backed loans are loans or strategic lines of credit backed by collateral in the business. They become a valuable resource management facility for any CFO. The assets pledged by the company can be equipment, property, inventory, accounts receivable, or other assets that the company has possession of. We understand that not all businesses have the proven cash flow to secure an affordable loan: that’s why our asset-backed financing helps small and large companies alike achieve their cash flow goals.
Our financing program helps relieve the stress of waiting to pay vendors, purchasing equipment, and other financial obligations until current inventory is sold through and proceeds received, which would be hard for any growing business to make. In addition, creating an asset-backed line of credit available to any business solves numerous cash flow-related headaches.
At Equipment Leases Inc., along with our fantastic partners, we offer premium asset-backed loans to help your business finance its inventory. While other financing companies rely on predator conditions, we pride ourselves on being transparent and thorough the entire process, so there are no surprises at any point during the underwriting process..
Our rates are in accordance with the LIBOR interest rate average. You can be assured that you are getting a standard rate with your loan.
We are also proud to offer several different types of financing. We offer a wide range of loans, typically between $1,000,000 and $10,000,000. This allows us to secure funding for businesses of all sizes. Ultimately, our financing options aim to find the best solution for your business and to minimize risk on both sides as much as possible: