For Asset Based Lending, we generally work with companies that have a need of $250,000 or more. Generally companies need to be somewhat established and have been in business for two or more years. These companies do not need to … Continue reading
Yes. We will consider both inventory and equipment advances. Each situation is unique and we will look at each individual situation.
Advance rates on your accounts receivable will be determined based on your individual situation and will include an analysis of your company including: customer concentrations, size of invoices, and the industry you’re in. You can expect your typical advance rate … Continue reading
Initially, we will need an application, current accounts receivable aging and accounts payable aging, and 2 – 3 years tax returns and/or financial statements. We may also request to have a field exam completed that will audit your accounts receivable … Continue reading
Payments will go to you. Asset Based Lending is non-notification, so you manage your own cash flow. We can offer collection services for you if you would like us to manage your Accounts Receivable.
It will generally require monthly (or sometimes weekly) borrowing base certificates, accounts receivable agings, account payable agings, as well as periodic financial statements and/or tax returns. Depending on the situation it may require annual audit exams.