Asset based lending

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Asset Based Lending And Ledgered Line of Credit

This is a line of credit accessed on your receivables.  It is called a ledgered lines of credit and one of the benefits is that is has ABL pricing structure. For companies that are presently with an asset based lending/bank (ABL line) and would like to get away from the strict requirements but maintain competitive pricing, we bring the Ledgered Line of Credit Product, a very competitive and flexible facility secured with your accounts receivables.  And unlike a traditional bank line of credit, there are no constant audits requirements, no covenants with respect to ratios, concentration, etc.

How does it work?

The company submit invoices, it creates a pool or borrowing base, then draw up to 95% depending on the advance rate. The company can draw funds, daily, weekly, bi-weekly, or monthly. Credit availability on the line line is based on the value of your receivables, providing constant capital based on your sales and growth.

This affiliate sponsored program is structured to fit the funding needs of the client. For more information please EMAIL US HERE


OTHER FUNDING OPTIONS

SBA Loans

 SBA Loan Unique Benefits

Government backed funds

10-year term

Prime +2%

Approvals within 24 hours

4 - 8 week funding process

Qualifications

2 years' time in business

2 years profitable biz tax returns

675+ FICO

Paperwork Needed

6 months bank statements

3 years personal/biz tax returns

Previous year and YTD P&L and Balance Sheet

Business Debt Schedule

Application

SBA Questionnaire

For more information please EMAIL US HERE


Collateralized Loan Program Unique Benefits

1 to 5-year terms

Rate is variable (premier program starts at 12%)

Daily/weekly/monthly payments

$1,000,000 max amount for first funding

65-100% LTV depending on program

BASIC PROGRAMS REQUIRE:

Qualifications

No FICO, 2 years+ time in business

$10,000 per month in gross sales

Basic Collateralized loan needs to have real estate or raw land with equity in it

Paperwork Needed

6 months bank statements

Application

Real Estate Asset List

PREMIER PROGRAMS REQUIRE:

Qualifications

620 FICO, 2 years+ time in business

$1,000,000 in annual revenue for premier program

Paperwork Needed

Business debt schedule

Previous year personal & biz tax return

YTD P&L and balance sheet

Mortgage statement

For more information please EMAIL US HERE

 

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