About asset-based finance:
It is a financing scheme based on the assets owned by the company, and it is an important financing method for small and medium-sized enterprises in Europe and America, which can raise short-term, medium-term or even long-term funds. Specifically, medium and long-term funds can be lent from the fixed assets owned by the company by stages, leasing, after-sale leaseback or overall investment.
Short-term funds are basically discounted by invoices, or revolving loans for accounts receivable and inventory. The specific way is to sell the company's accounts receivable (in whole or in part) to asset financiers for cash, effectively converting credit sales into cash sales and accelerating the withdrawal of funds.
Sales invoice means that enterprises regularly submit invoices to fund providers at the price agreed by both parties (generally 60%-90% of the invoice face value). After receiving the invoice, the fund provider will pay the money to the enterprise, and after receiving the money, deduct the relevant expenses or interest and return the difference to the enterprise.
? The money can be recovered by the fund provider or collected by the enterprise itself. The key of this way is to find the bank or company that does this kind of business.