What Is Asset-Based Lending?
Asset-based loans (ABL) are a way to get commercial financing for your company using physical assets as collateral. Asset-based lending is usually secured by a company's assets, such as equipment, real estate, accounts receivable, or existing inventory.
Unlike bank loans through a traditional bank, Clarify helps business owners get business financing with less paperwork and higher approval rates through our network of 75+ lenders. We are committed to helping borrowers pursue the American dream with the financial backing they need to grow.
When you apply for a loan with us, your dedicated lending concierge works with you to understand your specific business needs. We then do all the legwork for you to secure the best interest rates and terms available from various asset-based lenders. The process is short and completely transparent. We help you get the most out of your borrowing capacity without commercial banking lenders.
Benefits of Asset-Based Loans
Whether you need cash flow to cover expenses or want to make investments to grow your business, an asset-based loan can provide the funding you need as a revolving line of credit. Compared to unsecured loans, these types of loans are available to small businesses and midsize companies that can provide collateral as a borrowing base to secure funding.
The following are some of the key benefits you get when you apply for a loan with Clarify.
Minimal Paperwork
Unlike a traditional bank, there is minimal paperwork required to get approved for an asset-based loan via our lending network. We have streamlined the application process to be quick and easy.
Lowest Interest Rates
When lenders compete, you win. Your loan adviser at Clarify will do all the legwork to get you the best interest rate possible in the industry. We've worked with borrowers who have varying levels of business credit to assist them in the credit approval process. You can focus on running your business without having to apply to multiple lenders.
Lending Concierge
With decades of experience under our belt, your dedicated loan adviser at Clarify is your most trusted resource. Your adviser will jump through all the hoops needed to ensure your financing exceeds your expectations with minimum covenants.
Cover Short-Term Cash Flow Needs
Every business has short-term demands for working capital to pay off expenses, increase liquidity, and invest in growth. Instead of high-interest credit cards, an asset-based financing solution helps you cover all those needs and set your balance sheet on the path to success.
Complete Transparency
There are no hidden fees or unknowns with Clarify — what you see is what you get. We walk you through all the terms and important metrics so you can choose the right financing option for your business. We take pride in bringing transparency to the lending industry.
Flexible Payment Terms
Most asset-based financing is structured as a revolving line of credit. This allows you to borrow capital as needed based on your asset value to cover ongoing expenditures.
