An asset-based loan is a loan, often for a short term, secured by a company's assets. Real estate, accounts receivable (A/R), inventory, and equipment are typical assets used to back the loan. The loan may be backed by a single category of assets or some combination of assets, for instance, a combination of A/R and equipment. Any method of extending capital to businesses for the purpose of acquiring equipment. Financing methods include equipment leasing, SBA and other government loans, as well as sale-leaseback wherein the collateralized existing equipment to raise cash for additional purchases.
To better manage cash flow and operating expenses, the choice for many businesses is clear: equipment leases. Many businesses look for ways to address their equipment financing challenges. Large capital expenses can require you to pay for equipment before you generate revenue from it.
DOCUMENTS REQUIRED | |
APPLICATION FORM | |
PASSPORT COPY / PAN CARD / RATION CARD |
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OFFICE ADDRESS PROOF |
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PASSPORT SIZED PHOTOGRAPHS OF ALL APPLICANTS / CO-APPLICANTS |
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CERTIFIED COPIES OF MOA / AOA /PARTNERSHIP DEED |
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REPAYMENT TRACK RECORD |
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2 YEARS AUDITED FINANCIALS |
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2 YRS ITR OF DIRECTORS/PARTNERS |
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6 MONTHS BANK STATEMENT OF MAIN OPERATING ACCOUNT |
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PROFORMA INVOICE OF THE EQUIPMENT TO BE PURCHASED. |
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