loans for business

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 type of funding is fantastic for startup companies, refinancing existing loans, financing growth, mergers and acquisitions, and management buy-outs (MBOs) and buy-ins (MBIs).

loans for business

An example of asset-based finance would be purchase order financing which may possibly be eye-catching to a business that has stretched its credit limits with vendors and has reached its lending ability at the bank. The failure to finance raw materials 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 made to the lender, and the lender then deducts its expenses and fees and remits the surplus to the business. The drawback of this type of financing, however, is the high interest typically charged - which can be as high as prime plus 10%.

loans for business

We like to take a more industrial observation of the label "assets". So our bankers might have the same opinion that your tangible and intangible assets can allow you ample borrowing power for your business.

Even if your current bank thinks another way.

As every business 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 secured.
You maintain command of your business, since that is what you do best.
We form the provision to suit. Since that's what we do best.

loans for business

Am I eligible?

Asset based finance could suit:

Businesses that thoroughly need some ready cash. Possibly you're considering a management buy-out, a buy-in, restructuring, acquisition, refinancing or turnaround opportunity.
Businesses well-known for at least a year with turnovers from $5m up to $200m.

Contrasting other finance, factoring is available against your invoicing and not your domicile or your business but you will require a business plan.

loans for business

So what do I do?

Compose 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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