Federal Deposit Insurance Corporation - FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Our Asset-Based Line of Credit (ABL) provides a flexible financing solution by letting you leverage your inventory and equipment alongside your accounts receivable. This approach helps maximize your borrowing potential across multiple asset types. However, to qualify, clients must be rated as low risk and meet certain due diligence requirements, which may include field exams and asset appraisals.
| Step 1
We underwrite your business to establish a facility. This process can take several weeks due to the need to complete a field exam and/or asset appraisal. |
| Step 2
Upon the facility being approved and documented, you submit a completed borrowing base certificate with current accounts receivable aging, inventory reporting (as applicable), and equipment reporting (as applicable). |
| Step 3
Our team validates a portion of the submitted receivables and then provides availability based on agreed-upon advance rates on accounts receivable, inventory, and equipment. |
| Step 4
You can then draw on that availability as needed. |
| Step 5
Payments from your customers are applied to the outstanding balance (net of any fees). |
| Step 6
On the agreed-upon cadence, an updated borrowing-based certificate with supporting reporting is provided to refresh the availability. |
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Facility Size:
$500,000 to $5,000,000
Advance Rate:
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No matter what stage your business is in,
we have a tailored solution.
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