Our ABL borrowers share some common characteristics.
Typically, they:

  • Are service providers, manufacturers or wholesale distributors
  • Are located anywhere in the USA
  • Need an asset based loan from $50,000 to $30 million
  • Always have commercial accounts receivable
  • Often have inventory and machinery and equipment
  • Are often marginally profitable or losing money
  • May have a weak balance sheet and reflect a negative tangible net worth
  • Could be in, or emerging from, bankruptcy
  • Might be in an asset recovery department of a bank or on an "exit" strategy
  • Require advance rates of:
    • up to 90% on accounts receivable;
    • up to 50% on inventory;
    • up to 85% on liquidation value of M&E;
      (May have seasonal or specific working capital needs in excess of advanced rates)
  • Typically have the support of a personal guarantor
  • Usually have no financial covenants in its loan agreement
  • Preferably need to refinance quickly
  • Want to establish a relationship with a knowledgeable and flexible lender

 

Our IBF borrowers share some common characteristics.
Typically, they:

  • Are service providers, manufacturers or wholesale distributors
  • Are located anywhere in the USA
  • Need an advance from $50,000 to $30 million
  • Have commercial accounts receivable
  • May be losing money or marginally profitable
  • May have a weak balance sheet and reflect a negative net worth
  • Could be in, or emerging from, bankruptcy
  • Might be in an asset recovery department of a bank or on an "exit" strategy
  • Require advance rates of:
    • up to 90% on accounts receivable;
    • Options for advances against inventory and other company assets
      (May have seasonal or specific working capital needs in excess of advanced rates)
  • Typically have the support of a personal guarantor
  • Usually have no financial covenants in their loan agreement
  • Preferably need to refinance quickly
  • Want to establish a relationship with a knowledgeable and flexible lender
  • Want some assistance with setting and maintaining credit limits and performing routine collection activities