Asset Based Loans
Asset Based Lending is a great mechanism for companies with larger banks of accounts receivables and especially powerful if there is resalable inventory and equipment.
How do we structure our facilities?
- Up to 90% of your accounts receivables
- Up to 60% of your inventory with resalable inventory having the highest value. The inventory advance will normally not exceed the amount advance on receivables!
- Up to 70% of NOLV of capital equipment
- Other assets considered on a case by case basis
NOTE: Some asset based lenders only fund on accounts receivables or hold back on inventory and equipment which is why we have several lenders we turn to: Each one is different!
We are also known to “split” your assets amongst several funders creating additional availability.
We strive to give our clients what they needed to meet their goals.
Amar Smith, ChemGenes, Inc.
“Ernie, after our Bank had convinced us that $400,000 was the most money that could possibly be made available to us by them or anyone else, it only took you two days to produce a proposal that nearly tripled that amount. What’s worse is that we had already lost over three months searching for something that you provided in just two days – and it’s even tougher for me to admit that it took three weeks for you to convince me to even give you that chance!”
W.Whitfield, W.E. Richards
“Your rapid learn of our manufacturing business and your professional skills took us from being cash locked with a negative net worth of $280,000, to cash flowing with a positive net worth of $330,000 in only nine months. Thankfully, we put faith in the source that referred us to you! We were in dire straights, but the sequence that you structured, and the seemingly endless resources that you utilized to create cash from our assets – something that no one else would do – let us recover and re-grow what we had lost. What you are capable of is truly something that even healthy businesses can benefit from!”
Put a proven track record to work for you - Call Ernie Today!
Ernest P. (Ernie) Brown