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Financing Beyond The Millennium
3917 W. Oklahoma Avenue
Tampa, FL 33616-2411
Ph: 813.839.0340
Fax: 813.839.2228
Email: cldfinancing1@aol.com
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Asset Based Receivable Lending (ABL) is a type of accounts receivable oriented financing available to wholesalers, distribution, manufacturing and service companies and other companies. . This type of financing has enabled tens of thousands of companies to grow and prosper. Barclay Associates specializes in and has many sources for Asset Based Lending. We offer asset based receivable/inventory financing in all 50 states.
IMPORTANT GUIDELINES FOR ASSET BASED FINANCING
Your company must have business accounts receivable. Consumer receivables
cannot be financed.
Your company must be currently profitable, or at least in a solid turnaround
position where you can demonstrate that you will soon be profitable.
Lenders will not loan on inventory alone. Your company must have business
accounts receivable.
ASSET BASED RECEIVABLE AND INVENTORY FINANCING is designed for fairly
mature wholesalers/distribution, manufacturers and service companies with
receivable balances of $100,000 to $200,000 or more.
In contrast to a factor, the receivable lender does not purchase your invoices,
but loans against receivables and other assets. They advance you a percentage
of each invoice amount. The customer is not aware that you are borrowing
on your receivables or inventory.
This form of financing secures the loan with accounts receivable, and sometimes
inventory, machinery and equipment or commercial real estate. Rates are generally
very attractive.
This type of financing usually enables wholesalers/distribution firms and
manufacturers to have a flexible line of credit. Often our asset based lenders
can increase your credit line in mid-year in the event that you take on a
large customer or have a surge in sales. This flexibility is very important
to a rapidly growing company.
ASSET BASED RECEIVABLE FINANCING..... can be utilized by manufacturing, distribution or service companies, do not require a monthly principal repayment, enables your company to grow at an almost unlimited rate. The more sales you generate, the more money you are advanced. This enables your company to have much needed funds as your sales grow and you create more receivables. The flexibility of this type of lending is very important when funds are needed yesterday.
We specializes in difficult asset based receivable/inventory loan requests
for companies in many industries. If you have been turned down by banks or
other lenders, PLEASE DON'T GIVE UP! We may be able to find an asset based
lender who will meet your needs.
Some of the many companies and industries which we serve include:
Wholesale distributor factoring and accounts receivable financing.
Wholesale grocer factoring and accounts receivable financing.
Manufacturing company factoring and accounts receivable financing.
CONTACT
US AND SEE HOW WE CAN HELP
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