Asset-Based Financing (AB) is not for everyone!  Many business owners do not realize that this type of financing is available to them or they missed the opportunity to utilize it.  Whatever the situation, the entrepreneur seeking an AB loan must understand its' purpose.  This loan is structured against the current assets of the borrower that is unencumbered or "Free and Clear", as we like to put. 

The lender will assess the assets presented and determine a loan amount they are comfortable with.  These assets can include any two or more of the following: Real Estate, Accounts Receivables, Machinery, Equipment, large items such as airplanes or boats, or any item the AB Lender deems appropriate to the transaction.

The time line to get approved for such a loan could be anywhere from three (3) weeks to three (3) months, this is all based on the parties involved.