BizTerm Definition
Fixed Assets Financing
Full Definition

Asset-based lending technique, where the lender funds a percentage of the appraised value of a company's asset. To obtain fixed asset financing, a borrower pays an independent appraiser to appraise the asset that will be used as collateral, security interest, or deed of trust. The lender then advances a given percentage, from 60 to 100%, of the appraised value.

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