 When the local bank isn't willing to give you the loan you need, OCF is the one to call for an Asset Based Loan.
An asset-based loan is secured by a company's accounts receivable, inventory, equipment, and/or real estate. As opposed to traditional bank financing, the companys operational results are not an obstacle to getting funded. Asset Based Lending Products 1. Factoring Lines: Factoring lines range from $100,000 to $3,500,000. Deal structure would be a standard A/R Purchase Contract. We will also make inventory loans in conjunction with this type of facility.
2. ABL Flex Lines: These are best described as a hybrid between an ABL
facility and a Factoring facility. These lines range from $350,000 to
$3,500,000 with a deal structure that is a note and security agreement, but
the line is tracked by invoice. This is often referred to as Ledgered ABL.
Inventory advances are also available with this type of facility.
3. ABL Lines: Typical ABL facilities from $1,000,000 to $3,500,000
which are structured with a note and security agreement, and advances based
on Borrowing Base Certificates. Companies need to be nearly bankable to
qualify for one of these facilities. Asset based loans are ideal for: Turnaround situations Acquisitions Capital Expenditures Debtor-in-possession financing Recapitalization Buyouts Continued financing when a bank has called a loan
Funding Parameters:
Minimum ABL loan $100,000 Maximum ABL loan $5,000,000
Call us today at (417) 849-7394 about an asset based loan Click here for articles on asset based lending
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