ScotPac Asset Based Finance (ABF)
Equipment financeSecured
ScotPac’s Asset Based Finance gives your business fast, flexible access to working capital, secured against multiple assets - so you can seize every opportunity. Facility sizes up to $50 million, secured against debtors, inventory, property, and plant & equipment - tailored to your business scale.
- Establishment fee
- Not published
- Monthly fee
- Not published
- Borrow
- $5,000,000 to $50,000,000
Interest rate a year, from
Not published
Loan details
Rates
- Interest rate (a year)
- On application
- Rate type
- Not published
- Security
- Secured
- Type of finance
- Equipment finance
Limits and fees
- Loan amount
- $5,000,000 to $50,000,000
- Loan term
- Not published
- Establishment fee
- Not published
- Monthly fee
- Not published
How it compares
Against the other secured business loans we compare. Typical means the middle half of them.
Most you can borrow
$50,000,000
Typically you can borrow up to $1,000,000.
Pros and cons
Pros
- Room to borrow more. Up to $50,000,000, more than the typical $1,000,000, which can cover bigger costs in one loan.
Cons
- Secured against an asset. That usually keeps the rate down, but the lender can take the asset if you can't repay.