Have you considered leveraging your assets to:
✓Finance expansion or special opportunities?
✓Provide supplemental cash?
✓Help you through seasonal fluctuations in your business?
If so, then Asset Based Lending may be the right solution for your business. Sterling provides financing to companies across the U.S. with borrowing needs of $1 to 20+ million.
LEVERAGING YOUR ASSETS: HOW IT CAN WORK FOR YOUR BUSINESS
Asset Based loans can be secured by two main asset categories: current assets such as, accounts receivable and inventory; or fixed assets such as machinery or equipment.
Loan programs collateralized by the value of such assets can be structured in a flexible and individualized fashion. As the funds advanced enable you to buy and sell more, the resulting receivables empower you to replenish the loan, increase your leverage, and grow your business.
It works as a revolving line of credit, changing with your needs. Unlike unsecured loans, you only pay interest on the outstanding balance at any given time and you're in control.
Accounts Receivable Financing is often the most appropriate source for financing, but many businesses have substantial capital tied up in inventory. Therefore, at certain times in your business cycle, a working capital advance secured by inventory can provide important supplemental cash.
Moreover, Sterling, unlike many other secured lenders, can arrange term loans collateralized by fixed assets. Combinations of financing based on current and fixed assets can be tailored to meet your needs and help you through seasonal fluctuations in your business or to expand.
Loans are on a revolving basis. There are no annual clean-ups, the facility is truly revolving. At Sterling, all of your borrowing is working for you all the time.