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REQUIREMENTS

Unlike factoring, asset-based lending primarily appeals to businesses in their expansion stage and not startup.  Asset-based lenders require your company to have at least several years of operating history, although that history does not necessarily need to be profitable.
This form of commercial finance is utilized by manufacturers and distributors.  It is generally not accessible by service companies.
 

Asset-Based Lenders will require your company to have some credit established.  It is also of some note that in traditional (textbook) asset -based lending, the value of real estate is not considered as part of the lending base and is generally financed completely separately. 

For small, early-stage manufacturers and distributors that have yet to build any credit history, commercial factoring is considered to be the method of choice to build credit and "window dress" the company for an asset-based lending facility at a later date. Apply Now!