Irrespective of the company’s size, finding an alternative funding source can be challenging. While startups/smaller companies may struggle to secure funding for R&D or to support their growth strategies, established companies may face similar challenges during difficult economic times or unexpected obstacles. Fortunately, in times of need, patents can be used as collateral for loans. This can be a viable and realistic option for those seeking additional funding.
Our Patent Monetization team recently conducted an activity to find the top banks that are taking patents as collateral.
To help you out, we thought to compile the list and share it on our blog.
So without further ado, let’s get to it.
Banks that take Patents as Collateral for the loans
| Rank | Assignee(s) | Assignor(s) | Properties |
|---|---|---|---|
| 1 | Royal Bank Of Canada | Go Daddy Inc. | 367 |
| 2 | Wilmington Trust, National Association | W.R. Grace & Co.-Conn. | 134 |
| 3 | JPMorgan Chase Bank, N.A. | H.B. Fuller Company | 66 |
| 4 | Ankura Trust Company | K & N Engineering Inc. | 40 |
| 5 | Bmo Harris Bank N.A. | International IP Holdings | 31 |
| 6 | JPMorgan Chase Bank, N.A. | Wincor Nixdorf International Gmbh | 257 |
| 7 | Glas Americas | Wincor Nixdorf International Gmbh | 257 |
| 8 | Eclipse Business Capital | Dreamwell, Ltd. | Serta Simmons Bedding | 174 |
| 9 | HSBC Bank USA, National Association | Astronics | 112 |
| 10 | Great Rock Capital Management | Astronics | 108 |
Conclusion
Using your intellectual property for monetization is the obvious aim, and using patents as collateral may seem a very tempting option. But in reality, even large, mature corporations – do not have a handle on their intellectual property. When it comes to using IP as collateral, a deep understanding of all your assets and how they work as a whole is important.
In an effort to assist firms in securing loans using their IP assets, we will keep bringing a list of banks that are consistently taking patents as collateral for loans.
Want to gain early access to this invaluable resource and stay ahead of the game?
Authored By: Annie Sharma, Marketing
