Asset-backed lending gives your business buying power that would otherwise be locked up in the assets you’ve acquired.
Access funds quickly based on the value of existing assets
Reduce risk to lenders and gain the benefit of best in class interest rates
Increase liquidity to improve debt coverage ratios
Apply funds to revenue-generating activities
These are but some of the applications of asset-based loans. Start a conversation with Bancor Group and we will help you identify the right loan to meet your funding objectives.
There is always more to learn.
What is a debt service coverage ratio?
How do I determine the value of an asset for the purpose of borrowing?
What does it mean to be “upside-down” on an asset-based loan?
Do I need to make a down payment?
Here's How To Get Started
Complete a Short Questionnaire
Have an In-Depth Conversation with our Team
After reviewing the information, we’ll set up a conversation to understand your business more thoroughly. With the full picture of you and your business, we will work with our network to generate offers and showcase the best solutions to you.
Submit an Application
Our team will answer any questions you may have to this point. When you are content with the answers and information, we’ll help navigate you through the loan application process. Take Advantage of Continual Support. Things change. We get it. Our lending professionals and brokers will stand by to provide further advice or answer questions as needed, even after the initial application is complete.
What is the working capital ratio?
If you don’t have enough money to pay employees and keep the lights on, then the value of your long-term assets matters very little. That money, used for almost all daily expenses is referred to as working capital. Most businesses try to maintain a working capital ratio between 1.5 and 2.0. If you’re not sure what your ratio is, simply divide your firm’s annual liquid assets by its annual short-term expenses. The result is your working capital ratio.
Is working capital financing right for my firm?
If you are looking to make a large investment or a long-term purchase, it is usually better to focus on certain tools (like a real-estate loan). Working capital loans are usually better for short-term situations and boosting operational cash. If you are not in a rush for funds, other financing tools may be better for you, as working capital financing often comes with higher interest rates.