asset based lending

Asset based line of credit | Leverage inventory and equipment along with receivables

1 (800) 317-4933


From $1 million to $10 million (below $1 million - click)

Asset-based lending. Our asset-based facility is designed as a true ABL facility and is available to established businesses with an annual sales volume of $10 million minimum. The asset-based loan “ABL” is for growing businesses that want a simple borrowing base loan. Asset-based lending provides customized loan arrangements secured with accounts receivable, inventory, and fixed assets. We can also add on Cap-Ex support for your hard costs to acquire new or used equipment.

An ABL facility maximizes borrowing availability across accounts receivable, inventory, and equipment.

However, a true ABL facility trades the freedom of a ledgered line of credit (more information below) for a traditional loan structure, which may result in increased due diligence, on-site field exams, and possibly appraisals for the larger facilities.

LEDGERED LINE OF CREDIT

The ledgered line of credit is a receivable line, which offers many of the advantages of a traditional bank line of credit except for the restrictions that can hinder a company's growth should a financial covenant is not met during a review of their latest financials or an audit. A ledgered line of credit has no such restrictions.

A ledgered line is ideal for companies that are considering a traditional line of credit or are present with an asset-based lending or bank line and would like to get away from the strict requirements but maintain the features of a traditional line and competitive pricing. And unlike a traditional line of credit, there are no audits or restrictive covenants with respect to ratios, concentration, etc.

HERE ARE THE OBVIOUS ADVANTAGES OF A LEDGERED LINE OF CREDIT

No audit requirements
No restrictive financial requirements
No restrictive covenants
No financial ratio requirements
No concentration restrictions
No long application and hassle-free funding process
Plus other benefits

For more information, please complete this SHORT FORM, the affiliate office that handles your area will contact you shortly.


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