Asset Based Financing


Asset-Based Financing with Miles Capital Partners

Miles Capital Partners specializes in asset-based financing for companies in the US and Canada. With over 30 years of experience, we provide expert financial solutions.

What is Asset-Based Financing?

Asset-based financing uses your company's assets—inventory, accounts receivable, equipment, or real estate—as collateral to secure funding.

Types of Assets:

Businesses can leverage various assets to secure financing, including:

  • Inventory: This includes raw materials, work-in-progress goods, and finished products that can be converted into cash or used to fulfill customer orders.
  • Accounts Receivable: Outstanding invoices from customers that are due for payment, providing a steady stream of cash flow.
  • Equipment: Machinery, vehicles, and other tangible assets used in production or operations, which can serve as collateral.
  • Real Estate: Land, buildings, and property assets that hold significant value and can be used to secure substantial financing.

Asset-Based Finance vs. Traditional Financing:

  • Credit History: Traditional loans rely heavily on your credit history, while asset-based financing focuses on the value of your assets.
  • Eligibility: Asset-based financing is ideal for businesses with limited credit history or unique financial situations.
  • Collateral: Traditional loans often require fixed assets as collateral, whereas asset-based financing can use a wider range of assets, such as inventory and accounts receivable.
  • Flexibility: Asset-based financing offers more flexible and scalable funding options compared to the rigid terms of traditional loans.
  • Access to Capital: Asset-based financing typically provides quicker access to capital, enabling businesses to respond promptly to opportunities and challenges.

Benefits of Asset-Based Financing:

  • Improved Cash Flow: Converts assets into immediate working capital.
  • Flexible and Scalable: Financing grows with your business needs.
  • Quick Access to Capital: Faster than traditional bank loans.
  • Lower Risk: Collateral-backed financing offers competitive terms.

Why Choose Miles Capital Partners?

With over 30 years in the financial services industry, Miles Capital Partners brings unparalleled expertise. Our track record of client success speaks volumes, and we prioritize personalized service tailored to your unique business needs.

How Our Financing Works?

  1. Initial Consultation: We start with a comprehensive consultation to understand your business’s needs.
  2. Asset Evaluation: We conduct a thorough evaluation of your company’s assets.
  3. Custom Proposal: Based on the evaluation, we develop a personalized financing plan.
  4. Approval Process: We guide you through securing approvals from our network of lenders.
  5. Funding and Support: Upon approval, we facilitate swift access to the approved financing.

Frequently Asked Questions – FAQs.

A:  Asset-based financing utilizes your company’s assets, such as inventory, accounts receivable, or equipment, as collateral to secure funding. This flexible financial solution provides accessible capital for business growth and operations.

A: Eligibility for Asset-Based Financing is based on the value and quality of your company’s assets rather than solely on credit history. This makes it suitable for businesses with limited credit or unique financial situations.

A: Assets commonly used as collateral include inventory, accounts receivable, equipment, machinery, and real estate. These assets provide security for lenders, enabling them to offer flexible financing options. Contact Miles Capital Partners for more information.

A: Asset-based financing focuses on the value of your assets, while traditional bank loans often rely on credit history and fixed assets. Asset-based financing offers flexibility, scalability, and quicker access to capital compared to traditional financing.

A: The terms and conditions of Asset-Based Financing vary based on the lender, asset value, and specific financing agreement. Terms may include interest rates, repayment schedules, collateral requirements, and borrowing limits. Contact Miles Capital Partners for a detailed discussion.

A:  Yes, Asset-Based Financing can improve cash flow by converting assets into working capital. This accessible capital can be used for day-to-day operations, expansion projects, inventory purchases, and more.

Contact Miles Capital Partners to discuss your business goals and explore our asset-based financing solutions.

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