| Loan Amount: |
$350,000 to $10,000,000 |
| Rate: |
From Prime + 1% |
| Collateral: |
- Accounts Receivable
- Inventory (Wholesale, Manufacturing & Retail)
- Machinery & Equipment
|
| Loan Purpose: |
Working capital, debt restructuring, leveraged acquisitions, turned Chapter 11 financing, seasonal shortfalls, expansions |
| Customer Base: |
- Manufactures
- Distributors
- Service
- Consumer A/R, not available
- Medical
- Retail Inventory
|
| Underwriting: |
- 85% advance on A/R
- Up to 50% advance on inventory
- Majority of advance must be on A/R
- High debt to worth ratios are acceptable
|
