YOUR CAPITAL SOURCE
Asset Based Loans
Access Funds with Asset Based Financing
Businesses that own high value items that retain their value over time are in a good position to access, funds through asset based financing. Even assets you might not think of are potential sources of cash: Buildings, land and even inventory. Each of these are current assets that can be utilized to back your next loan. Access cash now and repay the loan over time. Have you been turned down for a previous loan? Talk with New Market Funding to see how we can help you secure the funds you need.
Equipment
Industrial machinery, heavy equipment, advanced technology – many of these assets are utilized every day in your work, and you take them for granted, but you may not realize they can be the asset they need to free up cash to move a contract, product or larger project forward.
Start with a consult. We will collect the details of your equipment assets and will work with our group of lenders to identify what financing options are available. We will also review your business plan, use of funds and your plan for revenue growth to repay the loan.
Equipment based loans can be funded relatively quickly based on bluebook values.
Inventory
Inventory is a great asset to borrow on, especially when your business has dialed in your marketing mix and you know what your customer wants. Product is moving, and yet it’s not uncommon to have $200,000 or more in a single retail location at all times. When the time is right, and there are growth opportunities on the horizon, an inventory loan can grant you the flexibility you need to take your next step.
Real Estate and Land
Property is a great asset to leverage when you need access to cash because there are many ways to set up repayment – long-term fixed interest financing, Short term loans featuring interest only payments with a complete repayment in six months to a year, and many options in between.
Commercial real estate has many benefits, such as getting away from rent increases that cut into your bottom line, but their down side is that they tie up money that you could use to move on new and emerging opportunities. Find out what your options are to access funds from your property.
Accounts Receivable
POs and accounts receivable don’t just need to lay in waiting until your client finally decides to pay. Sell them to a factor to accelerate your cash flow. The factor will pay a percentage right away, then keep their fee and pay the rest once they receive final payment from the client. Best of all, they will take collection efforts off your plate and at the same time, follow the same protocols and schedule established in your contract.
Hard Money
Historically, hard money loans have been utilized in the commercial real estate industry to close and gain access to a new building while your old property is still on the market. However, with the pace of business, many other industries have found value in these loans. Do you have a quick deal for a large order that goes beyond the scope of your current purchasing power? Close the deal, ship the goods and pay interest only until your payment comes in. Close out the loan with a balloon payment and increase your total revenue for the year. Talk with us if you are looking to access funds tied up in your current assets.
Let us know about your business and financing objectives.
New Market Commercial Funding
25550 Grand River Avenue
Redford, MI 48240
info@newmarketfunding.com
855-215-6092
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