Asset Based Lending


Asset Based Loans are available to existing factoring clients that own unencumbered equipment or property with a minimum value of $100,000 or more. EBF will advance funds on a short or long term basis using those assets as collateral. In most cases, Express will advance a maximum of 75% of the liquidation value of these assets.

To qualify for an Asset Based Loan, the client must own the equipment free and clear. It may not be leased or pledged as security for another loan. In the case of property, there may be an existing first mortgage as long as there is no other charge.

Express will require its own independent appraisal of the equipment or property that is to be used as security for the loan.