Are you a small business owner seeking to expand your operations, then you’ll need increased cash flow and the assurance of liquidity. Many companies are in dire need of working capital just to ensure business operations run smoothly. To meet these requirements, consider using your assets as collateral and get an asset-based loan for small businesses with Diamond Banc.
Get an Asset-Based Loan for Your Small Business
Traditional business loans are typically limited to medium-scale and large-sized companies. And, the process to get a traditional loan involves time-consuming paperwork, credit checks and long wait times for approval.
If you have a small business, you’re used to finding creative solutions to problems, so use the assets you already have to get a loan at Diamond Banc. Our jewelry asset-based loans for small businesses give you freedom and flexibility in financing your business.
How Much Can You Borrow?
Your jewelry asset qualifies you for a certain amount of money to borrow, known as the borrowing base.
You calculate the borrowing base value for a loan by the designer, style and materials of your jewelry. You’ll make more money with a designer piece because they are constantly in high demand. Bring your designer jewelry’s original paperwork or packaging into Diamond Banc, and increase the value of your loan.
Jewelry asset-based loans for small businesses are faster to obtain than conventional loans, and require less documentation. They also guarantee financial stability, especially if your company is going through tough times. Experts rightly say that asset-based loans are the best way to withstand turbulence in the industry right now.
If you want to learn more about a jewelry asset-based loan for small businesses, contact Diamond Banc today! Come into one of our stores around the country, or call us at 1-855-342-2262.
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