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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