Are you considering a business expansion, paying off and consolidating your business debt, in need of the latest laser equipment for your patients or simply buying out a business partner? If you have answered yes to any of these questions, now is the time to take advantage of an Asset Based Loan.
Asset Based Lending is not Hard Money, the line of credit allows all types of business sizes the ability to take out a loan and it also permits a classic ‘asset rich’ company to buy out a business partner or expand the company. More businesses are opting to Asset Based Lending , it’s more flexible than some retail banking and considered the gap between retail and wholesale lending.
ABL (Asset Based Loan) is a business line of credit amortized for three to five years; a lockbox is most likely required. An Asset Based Loan is securitized by the value of your accounts receivable and the tangible assets of your company, combined. If you default on your Asset Based business loan, your tangible assets will be taken by the lender.
Loan Parameters:
- 50-60% Loan to Value
- 3-5 Year Line of Credit (Revolver)
- Loan Amounts: $500,000-50M
- 24 Months or More of Established Business
Industries Preferred:
- Attorneys
- CPA’s
- Energy
- Financial Services
- Healthcare (Doctors)
- Manufacturing
- Restaurant Chains
- Staffing
- Technology
- and more…
For more information on how we can best serve asset based loan, please fill out the online contact form about your concerns or give us a call at 855.477.9007 Read what people have to say about First Pro Capital on our Testimonials page.
Allow our team of professionals to assist you!
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