An Inventory Asset Loan is usually secured by the value of the purchased inventory. This allows lenders to feel secure in distributing the loan and allows borrowers to borrow only what is needed.
Qualified applicants must be able to show that the sale of the inventory will bring in sufficient income to repay the loan. Funding can be for up to 90% of the total cost of the inventory as long as proper are requirements met. Inventory loans cannot be used for the purchase of property for its potential future value, or for the purchase of real estate.
Our Inventory loans are perfect for business owners who have been denied a conventional loan due to credit history or some other factor or are looking for the easiest option in terms of repayment and collateral requirements.