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Crestmark’s Asset-Based Lending Services
Asset based lending (ABL), is a great solution for businesses that have needs that are outside the realm of what traditional banks can offer. Whether it’s greater leverage, softer covenants, or more flexibility, asset based structures can be customized to meet the needs of each individual company. Asset based lending provides a line of credit based on your company’s eligible:
- Accounts receivable
- Inventory
- Machinery and equipment
Asset based lending offers more flexibility than other methods of financing, and is a fast and cost-effective way to obtain working capital. Unlike certain types of structured financial products, with an asset based lending relationship, you do not have to give up equity in your company. ABL gives your company the flexibility it needs to grow, recapitalize, take advantage of supplier discounts, buyout shareholders, or even to fund payroll. It can increase or decrease based on your current business size and needs, and you’ll have daily and weekly access to your line of credit when you request it.
Asset based Lending Highlights
| Primary Transaction Size |
$500,000 to $5 Million |
| Business Credit Type |
Line of Credit |
| Advance Formula |
Up to 90% of eligible Accounts Receivable
Up to 50% of eligible Inventory |
| Advance Frequency |
Weekly (or as often as daily) |
| Services |
Credit reviews for new and existing account debtors
Collection services (in some cases)
Customized management reports |
| Benefits |
Receivables support allows you to focus on your core business |
| Crestmark’s Asset Based Lending Benefits |
Competitive pricing
Flexible structuring
Fast response time:
Proposal turnaround within two days
Closing times are the fastest in the industry |
Is Asset Based Lending The Right Solution For Your Business?
Your business is unique with working capital needs all its own. Our professional, experienced Business Development Officers will work with you to determine what asset based lending solution best fits your business and cash flow needs, and a team of financing specialists will create a working capital solution that is specialized just for you.
Call us today for more information about asset based lending or use our easy apply online form.
Or if you’ve got any other questions, fill out our contact form.
We’ll have a response to you in no time at all.