Our ABL facilities can be structured as Accounts Receivable only or with Inventory and Equipment included in a single borrowing base certificate. These facilities are ideal for growing or mature companies that need steady working capital and do not want to manage multiple lending facilities with various lenders.
Unlike accounts receivable factoring programs, our ABL facilities do not require the submission of invoices for funding. Clients simply submit a borrowing base certificate accounting for the collections made since the previous BBC submission and the amount of new accounts receivable generated.
ACCOUNTS RECEIVABLE ASSET BASED LOANS
Funding for both domestic and international sales may be managed in a single facility with the ability to accomodate collections in various currencies.
- Facility sizes from $2,000,000 to $25,000,000
- Advance rates up to 90%
- Rates as low as 6.5% APR
- Supports credit terms up to 90 days (120 days in special circumstances)
- Daily, weekly, monthly, borrowing base submissions
- Low / No Covenant facilities
- Lock box, sweep and sprining dominion options available
Turn your receivables into cash NOW, and gain the working capital and the peace of mind your company needs to succeed.