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Why Small Businesses Use Asset-Backed Loans

Top 5 Reason Why Small Businesses Use Asset-Backed Loans

Top 5 Reasons Why Small Businesses Use Asset-Backed Loans.

Many small businesses are struggling to meet cash flow needs in today‚Äôs challenging market. Many companies have exhausted their lines of credit and personal loans used to support growth, fund payroll, or for other capital needs. These companies need access to fast cash and today many of them will use asset-backed short-term loans to mitigate cash flow crunch times. In Minnesota, one resource many business owners have used is MyBridgeNow located in Burnsville. Like all asset-based short-term lenders, they will evaluate your assets and lend you cash, giving you the liquidity your business needs, and they do it in a matter of minutes. 


1. ACCESS TO CASH

Immediate access to cash. Short term asset-based lenders, Like MyBrideNow can evaluate your assets and issue funds from $5,000 to $500,000 in as little as 10 minutes! Plus, you can access these funds in minutes. This immediate access to cash can be the difference in your ability to operate your business efficiently and keep your business going!


2. ASSETS ACCEPTED

Accept a wide variety of assets. Asset-based lenders accept take a wide range of assets to give you access to cash quickly. Here is a partial list of the types of products they take: Construction Equipment, Small Equipment, RVs, Boats, Trailers, Cars, Power sports, Motorcycles, Jewelry, Coins, Luxury Watches, and more.

 



3. PAYROLL

Covering Payroll. Payroll is one of the most challenging parts of a small or medium size business. You are working hard to run your business, drive sales growth, while at the same time worrying about cash flow for payroll.


4. NO CREDIT CHECKS

MyBridgeNow does not check your credit or base the loan on your financial standing. They base the loan only on the value of your item(s).  The interest rates are reasonable.


5. NON-RECOURSE LOAN

A loan from MyBridgeNow will never cause you any stress or result in a collection process. If you are unable to redeem your assets, you keep the loan amount and MyBridgeNow keeps your asset.

 



Reputation Is Important

Before you trust any business with your assets, check out their reputation by researching them on the web. MyBridgeNow has a 5-Star rating on Google and has helped hundreds of small and medium-size business owners to bridge their financial gap. Returning clients represent most of the clients they serve. MyBridgeNow is known for great service and being very fair with rates and the loan amounts offered. They genuinely want to meet your business needs.

Bottom line...if you are in a pinch and need cash to help cover payroll or other expenses, MyBridgeNow can help. They can set a private appointment for the same day and get the funds to you quickly.

For more information or to schedule an appointment, give MyBridgeNow a call at (952) 646-1781 or check out their website at www.MyBridgeNow.com



Credit approval is not guaranteed and not everyone is eligible for a loan or a specific loan amount. Complete disclosure of annual percentage rates (APR), fees, and payment terms are available upon request by visiting www.mybridgenow.com or calling 1-855-345-7550. Loans are subject to Pawn America Minnesota, L.L.C. dba MyBridgeNow, terms, conditions and underwriting requirements. This is not an offer to lend and should not be deemed to create an obligation to do so. Minnesota loans are made under Minnesota Statute Section 325J. Loans are not available in any other state.