Asset Based Loans

Asset based lending refers to revolving lines of credit on accounts receivable, or accounts receivable and inventory. In addition, terms loans are provided and secured by machinery & equipment, and owner occupied commercial real estate.

The typical borrowing base formula is 85%-90% advance on accounts receivable less than 90 days old, and 50%-65% on finished goods inventory. In some cases we can fund more complex scenarios such as advancing on raw materials and inventory in transit/on the water inventory.

We can also provide a cash flow based term loan fully subordinated to any senior secured bank line of credit or asset based line of credit up to $2,000,000. We have two different products. One is a 6-20 month bridge loan up to $2 million, or a 3-5 year term loan up to $500,000. we will consult with you to provide the proper structure for your unique circumstances.