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Hybrid Asset Based Loan. The hybrid asset based lending (ABL) facility (factoring structured like ABL) combines the accounts receivables with other assets, including equipment and machinery, inventory, and other business assets with cash flow.

The hybrid asset-based facility is designed for established businesses seeking funding of at least $500,000.00.  Typically we like to work with companies with an annual sales volume starting at $10 million but we would consider smaller companies.

The hybrid asset based loan can be ideal for growing companies that want a simple borrowing base loan. Asset based lending provides customized loan arrangements secured with accounts receivable, inventory and fixed assets. We can also add on Cap-Ex support for your hard costs to acquire new or used equipment. 

An ABL facility maximizes borrowing availability across a range of assets and eventhough it does not offer the freedom of a ledgered line of credit (more information below) the hybrid loan structure may result in increased due diligence, on-site field exams and possibly appraisals for the larger facilities.

LEDGERED LINE OF CREDIT

The ledgered line of credit is a receivable line, which offers many of the advantages of a traditional bank line of credit except for the restrictions that can hinder a company's growth should a financial covenant is not met during a review of their latest financials or an audit. A ledgered line of credit has no such restrictions.

A ledgered line is ideal for companies that are considering a traditional line of credit 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 traditional line and competitive pricing. And unlike a traditional line of credit, there are no audits or restrictive covenants with respect to ratios, concentration, etc.

HERE ARE THE OBVIOUS ADVANTAGES OF A LEDGERED LINE OF CREDIT

• 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

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

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