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Business line of credit. A business credit line is certainly an asset to a company, in fact, many businesses cannot function without it. But, what type of line of credit should you consider? You have options, you can talk to your bank for a traditional line of credit, the problem is that a bank line of credit may come with a whole list of conditions that can actually hurt the business should the company experience a temporary financial setback.

Our option is a ledgered line of credit which is based on the accounts receivables of your company.  The  business ledgered line offers benefits of a traditional bank line without the restrictions that can hinder a company's growth should a financial covenant is not met during a review of the latest financials. A ledgered line of credit has no such restrictions.

This business line of credit is also ideal for companies that are presently with an asset based lending or traditional bank line and would like to get away from the strict requirements but maintain the features of a line of credit and competitive pricing. The line is flexible and secured with the company's accounts receivables. And unlike a traditional line of credit, there are no audits required or restrictive covenants with respect to ratios, concentration, etc.

Here are some of the advantages

• No audit requirements
• No restrictive financial requirements
• No restrictive covenants
• No financial ratio requirements
• No concentration restrictions
• No long application to funding process
• Plus other benefits

Competitive pricing 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.

The process is simple, the company submit invoices, it creates a pool or borrowing base, then draw up to 80% or 95% depending on the advance rate. The client can draw funds, daily, weekly, bi-weekly, or monthly. Funding is based on the value of your receivables, providing constant capital based on sales. The ledgered line is structured to fit the funding needs of the client.  

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

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