Our line of credit on your receivables is
called a ledgered line of credit which has many of the advantages of
a traditional bank line but without the restrictions.
A ledgered line of credit offer the advantages of a traditional bank line except for the restrictions that can hinder a company's growth should a financial covenant is not met during a review of the latest financials or an audit. A ledgered line of credit has no such restrictions.
Ideal for companies that are considering a traditional line or are presently with an asset based lending or 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.