5 reasons why you need Asset Based Lending

Asset Based Lending

Asset-based financing is a great option for companies that have been in business for at least two years and have decent financials. This type of lending can be used to purchase equipment, property or other assets that allow the company to grow. 

In this article, we will explore 5 reasons why you should consider asset based Lending.

Assets are the lifeblood of any company, and as such it’s important to take care of not just your primary assets like buildings or inventory but also those which will be crucial for future growth. 

A lot of businesses start out with just their building materials before expanding into other areas where there is demand such as fresh produce ingredients etcetera – this way they’re able to use what already exists rather than having everything go through trial-and-error phases that can cost them plenty in time (not least financially).

How Asset-Based Financing Work?

The way asset-based financing works is by assessing the value of your assets and using that as collateral. 

This means you don’t have to rely on traditional lenders who may not approve funding for businesses with less than perfect credit histories, or no collateral at all–a business can still get what they need if it has some valuable property in its portfolio! 

So why should any entrepreneur consider this? 

With today’s economic climate being so tough virtually every small company wants cash flow now instead of later when interest rates are higher – after all, even a little money goes miles these days right?! 

Well here comes our friend ABLE Loan Term Loans which offer immediate access without sacrificing quality or safety

Business success in Kenya

1) Asset-based Lending is the best way to get your business off of the ground running in no time.

It can be used by anyone, regardless of whether they have a credit card or not; and it only takes about 6 hours!

Asset-based funds are often acquired through banks and other financial institutions but there’s almost always an easier option for you. For instance, we provide you with the best rates in the market to allow you to start your new business so don’t hesitate to reach out, or visit one of our branches new to you!

I know that sometimes it can be hard to get a loan for your business, but you don’t need the best credit in order to qualify. 

With Asset Based Loans, all of your assets will go towards securing them instead and they’re one of these least expensive types when compared with other forms like personal debt or charge cards because unlike income which is based upon peoples’ finances at any given time – if someone has enough money then their future earnings won’t affect whether or not they qualify any more than being rich would have mattered before!

I’ve got great news! You don’t need to be an excellent credit score holder, because this type of financing does not require one. This means you can get approved without having any personal guarantee in place; the bank will only take your word on the value and quality that it’s safe for them (you) to do so with.

2) You can get up to KES 25 million in financing for equipment, inventory, and receivables

You can get up to KES 25 million in financing for equipment, inventory and receivables through our Asset Based Lending – a type of credit that’s specifically designed with small business owners like you in mind. 

This form of funding allows your company the opportunity to grow profitably while avoiding high-interest rates or long-term debt obligations from traditional lenders who may not understand what it takes to operate an enterprise successfully!

3. It’s easier than ever to apply for asset-based lending

The process of applying for a credit card is extremely easy and quick. There’s no need to spend an hour filling out lengthy applications or answering embarrassing questions because it can all be done in just five minutes! And with approval happening within hours (or sometimes even minutes), the wait is more than worth your time when you’re looking for not only good rates but also rewards that match what matters most.

asset-based lending examples

Real Estate asset lending

In order to receive the finances from selling an apartment in Building A, a real estate company has to first construct building B. That’s because before they can get cash flow from this project it needs construction on another part of their portfolio – namely building B. This is called intercompany financing and it’s not unusual for companies with multiple projects going at once to do this kind of thing so long as there isn’t already outstanding debt against these businesses or big-ticket items like furniture that would need immediate payment upon delivery (which means no more negotiating!).
The key here though would be getting enough collateral secured via loans which could potentially include some equipment used by both buildings- after all even when one tenant leaves sometimes other problems crop up too!

4) The process of applying for an asset-based loan takes less time than traditional loans

Asset-based loans are a much simpler alternative to traditional debt because they don’t require you to submit any personal information. This means that the loan process is fast and easy, with no hassle or stress involved in getting approval for one of these types of credit! 

The application period is very short and can be done in minutes, not days or weeks like other types might entail.

We are the kind of lender who understands your business, and how it is important to you! That’s why we shorten the process of acquiring funds for you so that you quickly get the money you need. When you apply with Mwananchi Credit, you save time on tedious paperwork and enjoy a quick turnaround for approval, all while working with an expert team that is committed to serving entrepreneurs just like yourself!

We have a dedicated team of experts ready to assist you throughout the entire process. They’ll answer your questions about our products, ensure that you receive the best possible terms and conditions, and guide you through the application process.

5) We offer competitive interest rates

Mwananchi Credit offers competitive interest rates that are tailored to meet your needs. Our rates start as low as 20% APR and are available for both new and existing clients.

Our rates are flexible, meaning that we can work with you to find the best rate for your situation.

We offer different payment options to suit your budget. Also, check more info about Car Financing in Keny

Wrapping Up


Asset-Based Lending is an excellent way for your businesses to get financing security without complex applications.

Not only interest rates are lower, but repayment options are flexible, and you can use the money for whatever asset your business needs the most.

Furthermore, as you have learned that Asset-based financing provides more flexibility than traditional sources of capital because it doesn’t require repayment until an asset has been sold or retired from service.

If you are interested in learning more about why asset-based financing may be the right choice for your company, contact our office today! We will help you.

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