Line of Credit
Flexible accounts receivable credit lines to help companies maintain their resourcefulness. The asset based line of credit is tailored to meet the financial requirements of the business.
In addition to lines of credit, we offer a range of other funding options that include accounts receivable financing and invoice factoring designed to help companies operate without the concerns of meeting payroll and other operational costs.
We are a corporate finance company with a common goal which is to support companies by helping them remain competitive and resourceful under the demands of increased competition and operational costs.
Our ABL line of credit product is available to most industries from apparel-fashion, distribution, manufacturing, wholesale, food service, staffing, transportation and trucking to janitorial-cleaning, printing-print and healthcare companies.
Our funding solutions include:
Receivables Line of Credit
Accounts Receivable Financing
Factoring -
Invoice Purchasing
Equipment Leasing and Finance
Inventory &
Real Estate Loans
Credit Facilities Tailored To Fit Your Company's Financing Needs
We can offer you:
Receivables lines of credit, or;
A
combination that includes invoice factoring, and a line of credit
and/or term Equipment leasing and finance
Inventory financing -
Commercial real estate mortgages
Working capital loans that can
improve efficiency
If interested in just factoring, please
click here
Our asset based lending facilities are available to companies in a wide range of industries for:
Refinancing
Debt Restructuring
Working
Capital
Acquisitions
Expansion / Growth
Reorganization /
Meeting Expenses
Leveraged Buyouts
COMPARE THE TRADITIONAL LINE OF CREDIT WITH A LEDGERED LINE
A ledgered line of credit also known as a receivables line of credit offer many of the advantages of a traditional bank line except for the choking 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.
Ideal for companies that are considering a traditional line 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 line of credit and competitive pricing. The line is flexible and secured with the company's accounts receivables. And unlike a traditional line of credit, there are no audits required or restrictive covenants with respect to ratios, concentration, etc.
HERE ARE THE OBVIOUS ADVANTAGES
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
Competitive pricing 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.
The process is simple, the company submit invoices, it creates a pool or borrowing base, then draw up to 80% or 95% depending on the advance rate. The client can draw funds, daily, weekly, bi-weekly, or monthly. Funding is based on the value of your receivables, providing constant capital based on sales.
Is your company refinancing, expanding or restructuring? Please don't hesitate to contact us 24/7. One of our ABL managers will get back to you shortly.