Asset-Based Lending
What is Asset-Based Lending?
Asset-based lending is a credit line based on various asset classes such as accounts receivable, inventory, equipment or real estate.
Why Asset-Based Lending?
Asset-based lending is often used as a stepping stone to traditional bank financing by allowing businesses to establish a sound financial track record. This type of financing also provides flexibility to fuel business growth.
The Facts on Asset-Based Lending
• Up to $2.5 million in commitment amount
• Up to 85% advance on A/R and 50% on inventory
• Provides immediate working capital liquidity
• Succession financing to factoring or restructuring of bank debt
• Ability to partner with equipment and real estate lenders
Learn how your business can increase working capital through an asset-based line of credit– call 248.658.1100 or email to newbiz@hennesseycap.com.
