Accounts receivable, inventory, and equipment serve as collateral for a Business Loan.
Asset Based Lending Loan
An asset based loan is a short term loan secured by a company's assets. An asset based lending loan is a business loan where the borrower pledges related business assets utilized as collateral. Proceeds are used for business related expenses.
Asset based lending loans are secured by collateral such as inventory, accounts receivables, or equipment. The loan can be secured by one type of asset or a multiple assets combined.
