Asset Based Lending
Asset based lending corporate finance and accounts receivable financing products and services under terms and pricing that are very competitive and tailored to fit your company's financing and working capital needs.
We also offer the Ledgered Line of Credit, which unlike a traditional line of credit, there are no constant audit requirements and almost no covenants with respect to ratios, concentration, etc. Pricing is similar to an ABL line structure, typically prime + %, plus a service fee. The service fee is charged monthly on the gross amount of invoices, interest is charged on the amount of funds actually drawn, thus controlling the cost of funding.
Our asset based lending-corporate finance product is full service for seasoned companies, it include receivables line of credit, equipment leasing and financing, inventory sub-lines and other non-bank working capital funding options such as factoring - receivables funding.
WE CAN OFFER YOU:
- Lines of credit on your accounts receivables, or;
- A combination that includes factoring, plus a line of credit and/or term loan
- Ledgered credit line
- Term loan secured with your equipment
- Inventory financing
- Working capital loans to improve efficiency