CAPITAL CORP. SYDNEY

73 Ocean Street, New South Wales 2000, SYDNEY

Contact Person: Callum S Ansell
E: callum.aus@capital.com
P: (02) 8252 5319

WILD KEY CAPITAL

22 Guild Street, NW8 2UP,
LONDON

Contact Person: Matilda O Dunn
E: matilda.uk@capital.com
P: 070 8652 7276

LECHMERE CAPITAL

Genslerstraße 9, Berlin Schöneberg 10829, BERLIN

Contact Person: Thorsten S Kohl
E: thorsten.bl@capital.com
P: 030 62 91 92

How Does an Asset-Based Line of Credit Work?

Industry information

 

ASSET BASED LENDING 2

 

Asset Based lines of credit allow you to borrow a percentage of your accounts receivable, equipment and inventory. All or one of the previous assets may be utilized in an asset based line of credit. The descriptions below detail how your current assets can assist your company obtain the capital it needs.

Asset-Based Line of Credit with Accounts Receivable Financing:

Your company provides a product or service to your customer.
You provide Small Business Fundz with an aged accounts receivable and payable summary.
Small Business Fundz will set up an open line of credit up to 85% of the qualifying outstanding receivables.
Your customer submits payment made out to your company to Small Business Fundz’s lockbox.
Small Business Fundz will collect the payments from the lockbox.
We will then apply the collected amounts toward the outstanding balance on your line of credit.

Asset-Based Line of Credit with Equipment:

You have a piece of machinery or equipment with some equity.
You get a professional appraisal done on the equipment to establish a value.
The equipment is underwritten to determine the ability to liquidate if it becomes necessary.
Once approved, Small Business Fundz will set up an open line of credit up to 70% of the value of the assets (taking into account any existing liens on the equipment).
As you pay down the line, you free up additional cash to use at your discretion.

Asset-Based Line of Credit with Inventory

The value of the inventory on hand is established either from your current balance sheet, third-party verification, or a combination of the two.
Once the value is established, Small Business Fundz will underwrite the inventory based on the ability to liquidate, if it becomes necessary.
Once approved, Small Business Fundz will set up an open line of credit up to 50% of the value of the inventory.
As you pay down the line, you free up additional cash to use at your discretion.

Contact us today at (866)546-6002 ext. 802 to see how we can assist your company today!