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USFS Adds Asset-Based Loans to Loan Programs

October 31, 2016, 07:13 AM
Filed Under: Industry News
Related: Asset Based

U.S. Funding Solutions, Inc. (USFS) has teamed up with a nationwide lender to offer ABL Facility loans, also known as ABL Credit Facility loans to small businesses seeking working capital based loans to help grow their business.

These working capital loans provide solutions to a number of needs of small businesses. ABL loans typically fund in seven to ten business days and are based on working capital assets and the ability of the business to repay the loan. While some of USFS' programs take into consideration the credit of the business owner, most don’t rely heavily on the credit of the business owner.

Business owners seeking loans with bad credit typically would not qualify for this program but could qualify for our hard money business loans. These ABL loans are ideal for companies needing to grow their business without either giving up equity or taking on a general business loan which could tie up their working capital and restrict future borrowing.

“These loans are basically lines of credit that naturally grow as the business grows so the business owner doesn’t have to keep reapplying for larger loans,” said U.S. Funding Solutions President, Ron Stone. According to Stone, a 35-plus year business and finance veteran: “Small businesses are in serious need of financing in order to facilitate the growth of their business. Many banks are completely ignoring the financing needs of small businesses. This leaves many businesses with very few options for financing the growth of their business. That’s where our fast closing asset based business loan programs come into play.”
Stone went on to say: “Many entrepreneurs are having a difficult time managing the funding needed to grow their business. Since our programs are loans, there is no need to give up equity in their business and therefore share in the profits generated as their business grows, which would be costly in the long term to the business owner. That’s the primary appeal of our ABL loan programs. Business owners reap the rewards both short and long term.”

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