If you want to grow your business or need help covering daily expenses, using your assets is a great way to get the capital you need. Collateral Based Loans Explained This type of lending is referred to as collateral based loans or asset-based financing. A collateral based loan is when a financial institution allows you to borrow money based on your assets, which may include equipment, inventory, or accounts receivable. Depending on the loan, you may be required to secure the financing with one asset. However, some lenders may only allow you to borrow based on multiple assets combined. When […]
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