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What is an Asset Based Loan?
A commercial asset based
loan provides businesses
with immediate funds and
ongoing cash flow based on a
percentage of the value of
your company’s assets such
as commercial accounts
receivable, inventory,
business equipment and
machinery, and recurring
revenue contracts.
Funds from asset based
finance can be used for
day-to-day operating
expenses, or as capital for
restructuring, turnarounds,
mergers and acquisitions and
buyouts.
How does Asset Based Lending
provide working capital?
Blue Mountain
assigns your business a
revolving line of credit
based on a percentage of
each of the qualifying asset
classes. You may draw on
your line of credit whenever
needed and pay back to
increase availability for
future use. You only pay
interest on the funds you’ve
drawn down so overall, it’s
less expensive than a term
loan. |