NFS Leasing, Inc., a privately held provider of equipment finance across the U.S. and Canada, announced it is expanding its product offerings to include asset-based loans.

An asset-based loan enables a company to access the equity in its business assets, converting that equity into working capital for immediate day-to-day operations and growth opportunities. The company retains title to its assets and pledges those assets to the lender as collateral for the loan.

“Our asset based loans are a unique offering for companies looking to leverage the equity in their assets to generate cash flow,” said Dean Oliver, Executive Vice President of Sales, Principal, NFS Leasing. “These loans can be helpful for companies undertaking significant new projects, such as an expansion in production or entering new markets, both of which require capital.”

NFS Leasing provides asset based loans for up to $15 million. Any business with unencumbered assets may be eligible and is encouraged to apply.