Asset-based line of credit
Our asset-based line of credit gives you access to the capital you need, when you need it, so you can take charge of your business.
Financing that focuses on the bigger picture
A straightforward approach to asset-based financing
Flexible financing made
simple
Securing long-term growth can be challenging if your finances fluctuate. Our asset-based lending offers a solution, allowing you to leverage your assets as collateral for flexible, revolving access to funds. Unlike banks that rely on strict covenants and financial ratios, we focus on your assets and equity to determine how much we can lend. Instead of a predetermined lump sum that may exceed your immediate needs, our revolving line of credit gives you access to funds when necessary, making it easier to manage and repay efficiently.
Why choose Essex?
The characteristics that set us apart
What our clients say?
The questions you’ve been asking
An asset-based line of credit is a flexible financing solution that allows businesses to leverage their assets—such as equipment, real estate, inventory or receivables—as collateral to secure revolving access to funds. Unlike traditional loans where you receive a lump sum upfront, an asset-based line of credit gives you the ability to draw funds as needed, making it easier to manage cash flow and repay. This type of financing is particularly beneficial for businesses that may not meet strict bank covenants or that have fluctuating cash flow, but still have valuable assets to support their borrowing needs.
Key Differences:
Equipment Line of Credit: is essentially a preapproval for equipment acquisitions.
Being an independent lender means we can make creative, client-first decisions to help you overcome obstacles and grow. While banks typically focus on strict covenants and historical cash flow, we take a different approach that offers greater flexibility to our customers. As an equity and asset-based lender, we look at the bigger picture to assess what we can offer.
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