Starting a business often requires a lot of initial capital, especially when it comes to purchasing essential equipment or machinery. Finding the right funding is crucial for the success and longevity of any start-up, this is where asset financing becomes an attractive option. In this blog, we’ll look at what this financing is, and if it’s right for start-ups.

What is Asset Financing?
Asset-based lending allows businesses to secure funds using their assets as collateral. These assets could include equipment, vehicles, or machinery that your start-up needs to operate. Instead of using cash or taking on traditional loans, start-ups can use financing to acquire these essential resources while spreading the cost over time.