Business Line of Credit | Asset Based Loans

For operating companies that are highly leveraged or marginally profitable but possess strong A/R and inventory.

Loan Sizes:

$100,000 to $20,000,000

Rates:

From Prime + 1%

Collateral:

• Accounts Receivable
• Inventory
• Machinery & Equipment
Loan Purpose:

Working Capital, Debt Restructuring, Leveraged Acquisitions, Turn Arounds, Chapter 11 Financing, Season Shortfalls, Expansions

Customer Base:

• Manufacturers
• Distributors
• Service
• Medical
• Consumer A/R not available

Underwriting:

• 85% advance on A/R
• Up to 50% advance on Inventory
• Majority of advance must be on A/R
• High debt to worth ratios are acceptable

Specialty:

Highly leveraged companies, tight cash flow, personal credit problems, tax liens, declining sales trends, rapid sales growth. We also provide mortgage financing in conjunction with lines of credit.