Asset Based Lending / Ledgered Line of Credit
Our team of specialized asset-based lending professionals offer flexible funding options that include asset based lines of credit, non-bank ledgered lines, accounts receivable financing, invoice factoring and senior secured financing.
We cover a whole range of industries including apparel and fashion, distribution, manufacturing, staffing, transportation and trucking, wholesale and many others.
Capital for acquisitions and expansion, general working capital, payroll or any other business expense. Our credit facilities supports growth and offer flexibility with respect to lending criteria and use of funds.
TRADITIONAL ABL LINE OF CREDIT
Our traditional credit line is similar to a bank line of credit were traditional requirements apply. Is a bank type asset based lending-corporate finance product which is available to well-seasoned companies with a strong financial statement, it also offers sub-facilities including equipment leasing and financing and inventory sub-lines. If your company does not qualify for this product, our Ledgered Line of Credit could be the right option for you.
NON-BANK CREDIT LINE / LEDGERED LINE
Our Non-Bank ABL product is the Ledgered Line of Credit, which unlike a bank credit line, it can help companies in many situations, including companies that have been rejected for a traditional bank line of credit or companies in the red that are struggling, plus there are no constant audit requirements and almost no covenants with respect to financial 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.
ABL FUNDING OPTIONS INCLUDE:
- 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