Asset-based lending is a financing method where a business uses its assets, such as accounts receivable or inventory, as collateral to secure a loan. It's a flexible way to access working capital.
Businesses across various industries, especially those with valuable assets, can benefit from asset-based lending to address cash flow needs
Advantages include flexibility, higher borrowing limits, and the ability to access funds more quickly.
Yes! We are nationwide and are able to finance in all Provinces & Territories.
You don't pay us anything. We are paid by the bank or private institution directly.
Yes! If your financials are not ready we can review your bank statements and/or interim statements.
As long as your credit score is over 600, you have 10% down and there are no recent bankruptcies or missed payments we should be able to have you approved.
Yes! Although the payout is balance of payments with a small discount you are able to pay your financing off early.
Yes! We have no age restrictions and the oldest gear we've financed to date is a 1976 dozer.
Most cases we are able to finance a PR citizen with a co-signor and at least 10% down.
Our credit analysis is different than the traditional banks and are more likely to have you approved even after your bank has declined you.
Funding speed varies but is often faster than traditional loans. It depends on factors like your application and due diligence.
While credit history is considered, it's not the sole factor. Asset value and business performance also play crucial roles.
We offer personalized service, industry expertise, and a commitment to helping businesses succeed all while saving them money on their cost of borrowing.
Yes, we can explore options to refinance existing debt, potentially improving terms and cash flow.
We provide dedicated support, guidance, and expertise at every step of the lending process to ensure your financing needs are met.
some examples are dump trucks, semi trucks, dryvans, reefer trailers, flatbed trailers, excavators, dozers, backhoes, loaders, feller bunchers, harvesters, skid steers, rock trucks, crane trucks to name a few.
We provide financing for private, auction and dealership purchases across Canada.
It's a short term loan for 6-18 months and based on reviewing 12 months of business bank statements. Need to be in business minimum 12 months and gross at least $100k per annum.
We offer a quick & streamlined process to access high quality equipment through our asset-based lending solutions that are tailored to align with your industry, operations, and growth aspirations. Preserve your cashflow for other critical business needs while taking advantage of the tax benefits that come along with it. Whether new or used we specialize in financing heavy equipment such as dump trucks, semi trucks, van & reefer trailers, daycabs, rock trucks, boom trucks, excavators, skid steers, generators, compactors, loaders, dozers, tractors, harvesters, boom & scissor lifts, forklifts, telescopic handlers, directional drills, oilfield equipment, motor graders, crushers, feeders, power vans, screening equipment & more.