The Ins and Outs of Asset Based Financing

The Ins and Outs of Asset Based Financing

Written by Caitlin Wood
Last Updated June 2, 2021

If getting approved for the loan you need is giving you a headache and banks are continually turning you down, you should consider looking into asset-based financing. Often referred to as title loans, asset-based financing or new asset-based financing and leasing. This type of loan allows you to get approved for the loan you want and need because it’s secured against an asset. A secured loan is less risky for a lender, therefore lenders are often able to not only approve more borrowers but are also able to provide larger loans.

Asset-based financing allows you to either use an asset you already own to secure a cash loan or allows you to finance or lease a big purchase you might not be able to afford otherwise. Watch our video Title Loans Explained for all the information you need.

Interested in title loans and asset based financing? Apply online today.

Or are you looking to finance a big purchase? Apply here.

Caitlin Wood is the Editor-in-Chief at Loans Canada and specializes in personal finance. She is a graduate of Dawson College and Concordia University and has been working in the personal finance industry for over eight years. Caitlin has covered various subjects such as debt, credit, and loans. Her work has been published on Zoocasa, GoDaddy, and deBanked. She believes that education and knowledge are the two most important factors in the creation of healthy financial habits. She also believes that openly discussing money and credit, and the responsibilities that come with them can lead to better decisions and a greater sense of financial security.

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