An asset-based line of credit is a flexible credit line that is secured by your accounts receivable and/or inventory. These loans are an ideal way to finance your company's working capital needs for growth and expansion.
Asset-based lines of credit begin at $1 million and can help your business:
- Meet seasonal cash needs
- Improve receivables financing
- Improve inventory financing
- Meet short term cash flow needs
Through an asset-based line of credit, you can get the financing you need to purchase raw materials or finished goods, cover work-in-process costs, or finance extended payment terms to your buyers overseas.
Our lending specialists have the expertise to analyze your situation and structure an effective solution for you.