finance company loans

Asset based finance is a system of providing working capital and loans that are secured by accounts receivable, stock, machinery, tools and / or your real estate. This nature of investment is fantastic for startup companies, refinancing existing loans, financing growth, mergers and acquisitions, and management buy-outs (MBOs) and buy-ins (MBIs).

finance company loans

An instance of asset-based finance would be purchase order financing which may well be eye-catching to a business that has stretched its credit restrictions with vendors and has reached its lending ability at the bank. The inability to finance raw supplies to fill all orders would leave a company operating below capacity. The asset-based lender finances the purchase of the raw material, and the purchase orders are then assigned to the lender. After the orders are filled, payment is completed to the lender, and the lender then deducts its charges and fees and remits the balance to the business. The weakness of this type of financing, however, is the high interest typically charged - which can be as high as prime plus 10per cent.

finance company loans

We like to acquire a more commercial standpoint of the label "assets". So our bankers may perhaps be of the same mind that your tangible and intangible assets can tolerate you sizeable borrowing clout for your business.

Even if your current bank thinks differently.

As every company has an exceptional set of issues, solutions are based on a blend of asset based finance, cash flow or equity finance. Typically, it would be for raising finance between $2m and $30m. And solutions are provided on both a revolving and fixed term basis.

What's in it for me then?

Continuity of funding is guaranteed.
You maintain direction of your business, as that is what you do best.
We form the facility to fit. As that's what we do best.

finance company loans

Am I eligible?

Asset based finance could fit:

Businesses that especially need some ready money. Perhaps you're considering a management buy-out, a buy-in, streamlining, acquisition, refinancing or turnaround opportunity.
Businesses recognized for at least a year with turnovers from $5m up to $200m.

Unlike other finance, factoring is available against your invoicing and not your abode or your business but you will need a business plan.

finance company loans

So what do I do?

Put in writing a business plan and send it to us and we will ensure that your business receives the correct financing and in a way that relieves you of so much administration, stress and headaches.

It does not matter what your business does
It does not matter where your business is
It does matter that you get the right finance for your business
Write your business plan and contact us

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