LENDER-EG24I10805EB00092
$495.00
Purchase for full contact information of one or more deal team members. All purchases are final and non-refundable.
Description
– Asset Based Lender
– In addition to revolving lines of credit against AR and inventory, can provide short term cash flow loans of $1-3M that will fund along side the revolver
– Loan size range from $1-10 million
– Family owned and can deal direclty with the decision maker
– Secured by the borrower’s assets, such as accounts receivable, inventory, or equipment
– Flexible borrowing base determined by the value of the collateral
– Borrowing limit typically based on a percentage of the collateral value
– Usually used to support working capital needs, fund growth, or finance acquisitions
– Offers revolving credit facility, providing ongoing access to funds as collateral fluctuates
– Interest rates vary based on the borrower’s creditworthiness and the collateral value
– Generally requires regular reporting of financial statements and collateral audits
– Provides greater borrowing capacity compared to traditional bank loans
– Allows the borrower to maintain ownership and control of their assets