Asset-Based Financing

Asset-Based Financing is a specialized method of providing companies with working capital that use accounts receivables, inventory, machinery, equipment, or real estate as collateral. With Ace Funding Source Asset-Based financing program, leverage your assets to access affordable capital.

Asset-Based Financing Process

Getting the funds for your business is simple. With our quick application process, you’ll have additional funding in no time. Our process is broken into 4 steps: Apply, Qualify, Receive, and Reimburse.

Applying

You or a financial expert from your organization fills out a brief business funding application and sends it to our team along with bank statements of the business over the last three months. We also need information about the asset that is being used as leverage.

Qualifying

Our team will review the information you’ve provided. Generally, most inquiries get approved within a matter of hours.

Receiving

Receiving your new funding from Ace Funding Source can take 24 hours or less! If there are no hiccups in the application and qualifying stages, we can get the funds to you within 24 hours after approval. Our goal is to get your business funds into your hands as fast as possible. We will work with you to make sure that happens.

Reimbursement

The cost of Asset-Based Financing depends on the value of the asset used, the amount of the financing given, as well as the general risk involved.

Frequently Ask Questions

Q : Is your Merchant Cash Advance expensive?

A : The cost of the funds is different for each business owner. Underwriting determines the cost of the capital based on a variety of factors including credit, location, industry type and debt the business has.

Q : Do you have a weekly repayment option?

A : We do have weekly repayment options subject to eligibility.

Q : Are there any penalties for paying off the advance early?

A : No. There are never any penalties for paying off the advance early. We actually offer discounts and incentives for paying back the advance early.

Q : Is this transaction reported to any credit reporting agency?

A : There is no reporting to any credit reporting agency.

Q : When will I qualify for a renewal?

A : Businesses are typically eligible for renewal as soon as they are 50% paid back.

Q : How long has ACE Funding Source been in business?

A : We opened in December of 2014.

Q : What is the best way to reach someone in customer service?

A : Phone: (631) 319-0685
email: info@acefundingllc.com

Q : Where are you located?

A : 366 N. Broadway, Jericho, NY 11753

Q : Are you affiliated with the Better Business Bureau?

A : Yes, we are proud of our A+ rating with the Better Business Bureau.

Get The Funding You Need Today

Businesses of all sizes are encouraged to contact us about our Merchant Cash Advance options or apply for a Merchant Cash Advance today! Funding from Ace Funding Source that backs your business to help it grow can be the difference between an average business and one that succeeds and surpasses competitors. Contact us today to learn more!