Funding Options
Asset Based A/R Line of Credit ($50,000 - $10 Million+)
Asset based Accounts Receivable (A/R) revolving line of credit use your accounts receivables as the collateral to generate the working capital your business needs to fund your day to day cash requirements including, but not limited to payroll, inventory purchases, take advantage of prompt pay discounts, purchase equipment, expansion, and acquisitions. Asset Based A/R Lines of Credit are formula driven where you can borrower 80% - 90% of your accounts receivables that are less than 90 days old. Under this program you are responsible for invoicing, and collecting the receivables from your customers. Typical Accounts Receivable interest rates range from 10% - 18% per year depending on the size of the loan and credit of the business.
Asset Based Inventory Line of Credit ($25,000 - $1 million+)
Inventory Line of Credit in conjunction with A/R Revolving line of Credit (per above). Typically advance rate with Inventory Lines of Credit range from 30% to 50% of eligible inventory.
Medical A/R Revolving Line of Credit ($100,000 - $5 million+)
Asset Based revolving Line of Credit uses your medical receivables (from Medicare, Medicaid, commercial and private insurance companies) as collateral to generate cash for acquisitions, expansions, purchase equipment and/or day to day working capital needs.
Factoring ($25,000 - $10 million+)
Not every business qualifies for an Asset Based Lines of Credit. Factoring can be an effective way to generate immediate cash to even out the cash flow shortfalls. Factoring is when the lender purchases specific invoices vs. Asset Based A/R Lines of Credit use the accounts receivables as the collateral to advance funds. The Factoring credit criteria is generally more narrow than an ABL line of credit as a factor's main focus is on the invoices and doesn't weigh as much on the over all performance of the business. Typical Factor interest rates range from 18% and up.
Asset based Accounts Receivable (A/R) revolving line of credit use your accounts receivables as the collateral to generate the working capital your business needs to fund your day to day cash requirements including, but not limited to payroll, inventory purchases, take advantage of prompt pay discounts, purchase equipment, expansion, and acquisitions. Asset Based A/R Lines of Credit are formula driven where you can borrower 80% - 90% of your accounts receivables that are less than 90 days old. Under this program you are responsible for invoicing, and collecting the receivables from your customers. Typical Accounts Receivable interest rates range from 10% - 18% per year depending on the size of the loan and credit of the business.
Asset Based Inventory Line of Credit ($25,000 - $1 million+)
Inventory Line of Credit in conjunction with A/R Revolving line of Credit (per above). Typically advance rate with Inventory Lines of Credit range from 30% to 50% of eligible inventory.
Medical A/R Revolving Line of Credit ($100,000 - $5 million+)
Asset Based revolving Line of Credit uses your medical receivables (from Medicare, Medicaid, commercial and private insurance companies) as collateral to generate cash for acquisitions, expansions, purchase equipment and/or day to day working capital needs.
Factoring ($25,000 - $10 million+)
Not every business qualifies for an Asset Based Lines of Credit. Factoring can be an effective way to generate immediate cash to even out the cash flow shortfalls. Factoring is when the lender purchases specific invoices vs. Asset Based A/R Lines of Credit use the accounts receivables as the collateral to advance funds. The Factoring credit criteria is generally more narrow than an ABL line of credit as a factor's main focus is on the invoices and doesn't weigh as much on the over all performance of the business. Typical Factor interest rates range from 18% and up.
Call Us at 1.856.562.0409 or Email Us at Bdschneck@gmail.com
Funded Industries:
- Staffing
- Transportation
- Manufacturing
- Government
- Energy Service Providers
- Telecommunication
- Distribution
- Printing
- Wholesalers
- Service Companies
- Contractors
- and many, many more
