WORKING CAPITAL TAILORED TO YOU
With lower reporting requirements, SLR Business Credit’s Asset-Based Loans use a borrowing base to manage the collateral. Asset-Based Lending gives you the freedom to increase your cash flow by borrowing against a pool of your assets – and because of your healthy financial status, we don’t monitor your every move.
WHAT IS ASSET-BASED LENDING OR AN ASSET-BASED LOAN?
Asset-based lending (ABL) is a business loan secured by collateral, or assets. The loan is secured by accounts receivable, inventory, equipment, and/or commercial real estate. ABL finance is typically structured as a revolving line of credit, which allows a company to borrow against assets on a continuing basis to cover investments or expenses as required.
QUALIFYING FOR ABL FINANCE OR FINANCING
Also known as ABL Financing or Finance, companies can utilize asset lending to maximize borrowing capacity. ABL financing can be used for strategic growth, to add new business, or to expand into new markets. To qualify for asset-based financing, it is generally required that the company is both stable and has assets that can be financed.
GET STARTED WITH AN ASSET-BASED LOAN TODAY!
Many banks and other banking institutions have regulatory restrictions and require you to complete lengthy paperwork before you even begin. SLR Business Credit is adept at making the process as simple as possible so you can get the cash flow to grow your business now. Get started on Asset-Based Lending, today.
Minimal reporting requirements
Custom mix of assets
Low interest rate
- Credit lines ranging from $100,000 — $50 million
- No financial covenants, and contract terms from 6 months
- Accounts receivable management and reporting
- Assistance with customer credit limits and soft-touch collection calls, if desired
- Online access to reports and check copies
Borrowers share some common characteristics. Typically, they:
Are service providers, manufacturers or wholesale distributors
- Are located in the US or Canada
Are often marginally profitable or losing money; could be in, or emerging from, bankruptcy
May have a challenged balance sheet and reflect a negative tangible net worth
Might be in an asset recovery department of a bank or on an “exit” strategy
Want to establish a relationship with a knowledgeable and flexible lender
“Our experience with North Mill Capital has been fantastic. They have been very responsive and understanding of our needs as a growing business. Our partnership will allow us to take our business to the next level. Everyone at North Mill has been professional, courteous, and a pleasure to work with.”
“The North Mill team was very responsive in understanding our needs. Throughout the process, they were problem solvers, not problem makers. We are enthusiastic to have them as our lending partner.”
SLR Business Credit moves quickly, with confidence, to provide your financing. We lend on a custom mix of assets, without regulatory restrictions, to meet your cash flow needs today.
MORE OPTIONS FOR YOUR BUSINESS
SLR Business Credit’s loans provide a way to get value from your assets, especially when you cannot obtain sufficient bank financing. And your financing can be customized to suit your exact cash flow needs, from the following options: