LENDER-GI10805EB000119
$495.00
Purchase for full contact information of one or more deal team members. All purchases are final and non-refundable.
Description
– Primarily asset based loans
– Can very agressive on lending against inventory
– Fundings are against accounts Receivable, usually up to 85-90% of the value of the receivables and 50-60% against inventory
– Can also structure loans against equipment
– Loan sizes range from $500k-10M
– Term can range from 1-3 years
– Rates are low to mid teens
– Industry agnostic but like staffing, service businesses and manufacturing/distribution
– Prefer companies with profits but will consider if there is a story/path towards profitabilityOffer loans for companies that need to buy or produce inventory to sell.
Here are some bullet points on the types of loans a lender makes in Inventory 500-10M Inv, equip, AR, and IP, specifically for funding inventory on the water:
– Inventory on the water loans are typically short-term loans for companies that need to purchase inventory that is currently in transit, such as goods being transported by ship or truck.
– These loans are secured by the inventory itself and may require a personal guarantee from the borrower.