What Type Of Assets Can Be Used As Collateral In Asset Based Financing Program?
I am a small business owner and interest in getting asset based financing but want to know what types of assets can be used as collateral?
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Answers & Comments
The main collateral for an asset based financing is generally accounts receivable. However, other collateral such as with business inventory, business equipment, real estate, and other assets can also be used.
Buildings, equipment that you own, collectable debts owed to you