If your company is seeking financing solutions of $1.5 million or more, you can benefit from the flexibility and versatility of an asset-based structure. Whether you’re planning an acquisition, are in a turnaround situation, or need a larger or more flexible financing solution, 1st Constitution Bank Business Capital meets the needs of businesses throughout the Tri-State Area.
Simply put, asset based lending is any financing secured through the use of an asset as collateral. The asset might be available inventory, or it might be accounts receivable. This lending method is typically used for growth financing to support working capital.