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is unlike traditional bank loans. Banks can only lend under
strict balance sheet, income statements ratios and trend percentages.
This  is
due to restrictions dictated by Federal and State government
regulators. Asset-based financing focuses on the collateral,
management, future outlook and other resources available to
the company. It provides immediate access to cash that has
been previously tied up in non-liquid assets. This type of
financing can provide an overall credit facility or a single
line of credit.
Asset based loans are typically secured
by the following types of collateral:
- Accounts Receivable
- Inventories
- Machinery and Equipment
- Real Estate
- Certain Intangibles
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range
from small to middle market sized companies. These include
manufacturers, service providers, technology companies, wholesalers
and retailers. Companies that are unable to obtain or are
restricted by conventional bank financing
Companies that may benefit from asset-based
financing typically face the following challenges:
- Rapid growth
- Turnaround
- High leverage
- Short operating history
- Buyouts of shareholders
- Restricted by bank covenants
Specializes
in non-traditional business credit solutions. We offer competitive
and creative financing packages. Our experienced commercial
finance professionals can help you overcome and resolve complex
financing issues and provide a timely response to your needs.
Our approach is to get to know you and your business and to
work hard in helping you achieve your goals.
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