Asset Based Lending and Line of Credit
Asset Based Lending involves loans granted on a short-term basis, which are advanced under an approved line of credit to finance a business' trading cycle and working capital requirements. These short-term credit facilities support the growth or seasonal needs of a business, which can be collateralized by a combination of accounts receivables and inventory.
If you have any questions about Asset Based Lending and Line of Credit, please email us at BEANYinfo@hkbea-us.com or call (833) 322-1884.