In this sense, a mortgage is an example of an asset-based loan. More commonly, however, the phrase is used to describe lending to businesses and large corporations using assets not normally used in other types of loans.
Our LOC is a revolving line of credit secured by accounts receivable, matching your loan repayment with your customers' payment terms. It has a bank-like feel and is used for your working capital needs. This is the right fit for clients who are looking to maximize the amount of liquidity they need for working capital and/or do not want their lender to be contacting their customers (“non-notification”).
Short term advance in addition to your LOC or Flex line. We understand that sometimes you have short term needs that exceed your working capital availability. Whether it’s an unexpected expense, delayed customer payments, seasonal orders, or high growth periods, Stretch is a supplemental loan to help you through these temporary needs.
