macmanus asset finance

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

macmanus asset finance

An instance of asset-based finance would be purchase order financing which may be desirable to a business that has stretched its credit limits with vendors and has reached its lending ability at the bank. The inability to finance raw materials to fill all orders would leave a business operating under capacity. The asset-based lender finances the acquisition 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 disadvantage of this type of financing, however, is the high interest typically charged - which can be as high as prime plus 10%.

macmanus asset finance

We like to assume a more commercial idea of the term "assets". So our bankers might have the same opinion that your tangible and intangible assets can allow you substantial borrowing power for your business.

Even if your present bank thinks in a different way.

Since every corporation has a unique set of issues, solutions are based on an assortment 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 hold on to command of your business, because that's what you do best.
We sculpt the facility to suit. Since that's what we do best.

macmanus asset finance

Am I eligible?

Asset based finance could fit:

Businesses that actually need some ready cash. Maybe you are considering a management buy-out, a buy-in, reorganization, acquisition, refinancing or turnaround opportunity.
Businesses established for at least a year with turnovers from $5m up to $200m.

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

macmanus asset finance

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

Other sites Of interest: