Beverly, Mass. – NFS Capital, LLC (formerly NFS Leasing, Inc.), a privately-held leader in equipment finance across the U.S. and Canada, announced that it is expanding its product offerings to include asset based loans.
An asset based loan enables a company to access the equity in its business assets, converting that equity into working capital for immediate day-to-day operations and growth opportunities. The company retains title to its assets and pledges those assets to the lender as collateral for the loan.
“Our asset based loans are a unique offering for companies looking to leverage the equity in their assets to generate cash flow,” said Dean Oliver, Executive Vice President of Sales, Principal, NFS Capital. “These loans can be helpful for companies undertaking significant new projects, such as an expansion in production or entering new markets, both of which require capital,” added Oliver.
NFS Capital provides asset based loans for up to $15 million. Any business with unencumbered assets may be eligible and is encouraged to apply.