Cost-Effective, Flexible and Discreet – Access Up to $20 Million
Asset-based lending is created specifically for entrepreneurs by entrepreneurs. Swift and responsive service, direct access to key lending decision-makers, out-of-the-box thinking and efficient lending practices are great qualities to have in a funding partner, and are critical to the success of your business.
Asset based loans provide the business owner the ability to leverage the value of various categories of collateral such as accounts receivable, inventory, equipment, and real estate. Values are assigned for each category and combined as a revolving line of credit. Accounts receivable is the primary category and should constitute 50% or more of the total collateral value. It can be the sole component of the loan or can be combined with inventory, equipment, or real estate.
The various steps in establishing an asset-based lending line of credit include:
The Benefits
- As asset values are increased (i.e. increased level of receivables), the amount of available credit can increase.
- As current assets convert to cash, the loan balance is paid down.
- Ongoing reporting by the business owner supports continuous availability for additional working capital.
Learn More
We would love to tell you more about ABL. Contact us today to request your application and get answers to any questions you may have.