Services
Contractor Financing Program | Asset Based Loan (ABL) | Real Estate Financing | Equipment Financing | Transportation FinancingEquipment Financing | Leasing Equipment | Revolving Lines of Credit
Factoring | Merger & Acquisition Financing
Asset Based Lending (ABL)
This
traditional line of credit is based on the business’ outstanding accounts
receivable, and is the least expensive form of credit. This program is
for businesses providing a service or product to commercial customers (non-consumer)
and invoicing them upon completion of the work.
To qualify, the business must be incorporated and in business for at least two years. This program is ideal for the business with slow cash flow or limited credit. Businesses invoicing a minimum of $250,000 up to $2+ million per month qualify for this program.
With this program, the business has access to funds equal to 80% of their current outstanding AR and pays only for the funds being used. Pricing is based on an interest rate (APR) tied into the current prime rate.