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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Enquiry |