Your Accounts Receivables, Inventory, Machinery and Equipment can be used as tools for financing. Call 888-999-6088 to learn more.
Crestmark Bank's Asset Based Lending solution is the right resource for funding a growing business.
| Primary Transaction Sizes : |
$250,000 to $3 Million (up to 6 million in certain cases) |
| Business Credit Type: |
Line of credit |
| Advance Formula: |
Advances up to 85% of eligible Accounts Receivable and advances up to 50% of eligible Inventory |
| Services: |
Customer credit reviews for new and existing customers.
Invoice processing and mailing
Full collection services
Customized management reports |
| Contact us to see how Crestmark can help your business grow and its sales and profits increase. |
Question and Answer Service Guide:
What are the Benefits of Asset Based Lending?
This solution is fast, flexible and cost-effective.
What is the type of loan offered for Asset Based Lending?
All Asset Based loan funding is based on a line of credit.
What is a typical advance rate formula?
Typically Crestmark's Accounts Receivable loan advance is a high level advance of up to 85%.
Is inventory financing available?
Inventory financing is available up to 60%.
What is the frequency of advances?
Advances are available and provided daily and weekly.
What associated financing is also available?
Term loans for machinery and equipment can be considered. Advances are up to 80% of FLV.
What terms are available?
Terms can be up to 7 years.
Competitive Pricing – Crestmark is a prime plus lender based on the (WSJ) prime index.
Fast Response Time – Quick easy turnaround proposals within one day. Closing as quickly as 2 weeks.
Easy transition back to conventional banking.
Contact us for more information today.
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