What is an Asset Based Loan?
An asset based loan provides immediate funds and ongoing cash flow based on a percentage of the value of your company’s assets such as commercial accounts receivable, inventory, business equipment and machinery, recurring revenue contracts, and commercial real estate.
Funds from asset based finance can be used for day-to-day operations, or as capital for restructuring, turnarounds, mergers and acquisitions and buyouts.
How does Asset Based Lending provide working capital?
First Capital assigns your business a revolving line of credit based on a percentage of each of the qualifying asset classes. You may draw on your line of credit whenever needed and pay back to increase availability for future use. You only pay interest on the funds you’ve drawn down so overall, it’s less expensive than a term loan.
Why Asset Based Financing?
First Capital can custom tailor an ABL arrangement that fits your business needs. Asset based finance can be underwritten relatively quickly and easily by First Capital to get you the funding that you need when you need it. Because it is often provided on a revolving line of credit, you draw down only what you need.
Asset based loans are generally cost effective and competitive relative to other financial options. Because of First Capital’s expertise and internal resources, we can move faster than traditional financial institutions.
Who is using Asset Based Lines of Credit Facilities?
First Capital provides asset based lines of credit to growing small businesses, medium businesses and large companies. Businesses can tap into their assets for working capital to support growth and help fund through seasonal and cyclical periods or turnaround situations. First Capital can provide funding quicker and easier than traditional lending institutions making First Capital the premier choice of businesses that require a higher level of service and flexibility.
When Asset Based Lending?
Learn more today about how asset based financing can help your business grow or turnaround. Find out why First Capital is one of the fastest growing and largest independent commercial lending companies in the United States. A personalized loan management team – an Account Executive and an Analyst – are assigned to your business and serve as your partners and advocates, closely monitoring the collateral and your business and helping you manage your financial operations. Online reporting allows you access to your account in order to monitor your daily availability to draw down on your line of credit.
Supplementary Services to Asset Based Lending
First Capital offers a wide range of supplementary services which can compliment asset based loans as well as provide protection against risk and support back-office operations.
First Capital offers credit protection which allows you to get paid if your customer or client is financially unable to.
Ask how First Capital can turn your back-office fixed expenses into variable expenses by scaling and leveraging First Capital’s experience, expertise and efficiencies. First Capital’s back-office services provide world class support to run various or all bookkeeping, credit and collection functions.
If you are currently doing international business or desire to do so, we have the staff and services to help get you there with innovative programs with the Prompt, Professional and Reliable service you expect from First Capital.
Is asset based lending right for you?
Call us at 800-619-0804 or simply
click here to Request a Quote.
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