Asset-based lines of credit - flexible working capital you need to run your business

We provide asset-based lines of credit ranging from $1,000,000 to $10 million and above. Our flexible structure allows us to scale with your business as it grows, providing increased availability as your receivables and inventory expand.

An asset-based revolving line of credit adjusts as your business operates. As you generate receivables and sell inventory, your available borrowing capacity changes accordingly. We monitor your collateral on a regular basis, with reporting frequency tailored to your business and credit profile. This approach is designed to maximize availability while providing transparency and flexibility- as you collect receivables or sell inventory, availability adjusts, giving you maximum flexibility and transparency in managing your working capital.

Absolutely. We can provide direct financing when a company isn’t yet bank ready while you continue to maintain your deposits, treasury management, and day-to-day deposit banking relationship with your existing bank. We can also partner with your bank through a participation, or provide back-office loan servicing, collateral monitoring, and field exams for bank-led facilities. This flexibility allows us to support your working capital needs without disrupting established banking relationships.

Our asset-based lines are perfect for companies with seasonal fluctuations, businesses experiencing rapid growth, turnaround situations, companies refinancing classified loans, or businesses that don't qualify for traditional bank financing. If you have quality receivables and inventory but need more flexibility than banks provide, we can help.

Our lines are primarily secured by your accounts receivable and inventory. We conduct a thorough collateral analysis to establish appropriate advance rates based on the quality and collectability of your receivables and the marketability of your inventory. Additional collateral may be considered depending on your specific situation.

With 72 years of experience and local decision-making authority, we move efficiently through the underwriting and approval process. Timeline varies based on the complexity of your collateral and business structure, but our team prioritizes responsive service and works to meet your working capital timeline needs.