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Financing & Asset Based Lending

Financing & Asset Based Lending

Over 3,200 clients funded
Higher Advance Rates than Banks
Boost your buying leverage
Credit up to $10 million
Keep your bank line
No up font fees to set up
No financial required
Funding in 3-5 days
Rates at
0.69% to 1.59%
Accredited business BBB logo
We Lend MORE Than The Bank

Financing & Asset Based Lending

Receivable Lines of Credit Made Easy!
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factory icon

$210,000

Valve Importer PO Funding
trucking companies

$100,000

Small Fleet Trucking Company
manufacturing company

$350,000

Industrial Temporary Staffing Agency
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$650,000

Invoice Factoring For Cyber Security Company

Are You Looking For Flexible Approvals on Asset Based Lending?

Have you exhausted your efforts at the bank?

1st Commercial Credit offers asset based lending for companies that need to maximize their borrowing capacity using accounts receivable financing and inventory as collateral. Receivable based financing combined with inventory finance has become a useful tool for many under capitalized businesses.

Asset Based Lending Verses Bank Financing

Unlike traditional bank debt that relies heavily on balance sheet ratios and cash flow projections as loan criteria, 1st Commercial Credit will evaluate a client's business assets as its primary focus to establish the borrowing base. The result is usually far greater borrowing power than can be achieved from a traditional cash flow banking approach due to our expertise in industry specialization.

Asset Based Lending Financing Rates at
0.69% to 1.59%
We Attract Clients That Experience:
Growing faster than their cash flow
Uneven seasonal sales volume
Slow cash flow due to a slow payments
Need import payable financing
Require Funding in 3 to 5 days
Lose their line of credit at the bank
Need export receivable financing
Require purchase order financing
Factoring rates at 0.69% to 1.59%

The fact is banks prefer to lend on stationary tangible hard assets, and occasionally inventory and receivables are considered as part of the borrowing base but at a low advance rate. 1st Commercial Credit can offer higher advance rates due to our experience in receivable valuation. In the event where the client already has a bank line of credit, an Inter-creditor agreement is made between the bank and 1st Commercial Credit where the receivables are assigned to 1st CC and therefore allows the client to borrow at higher advance rates.

Asset Based Financing
Receivables & Inventory
$3 Million Minimum Facility
High Advance Rates on Receivables
Inventory Accepted as Collateral
Fast initial setup with less paperwork.
Financing rates at
0.69% to 1.59%
Rates at 1% Admin plus Prime Rate
Fast Initial Setup with Less Paperwork
Over 3,200 Clients Funded.

The Pre-Approval Process for Asset Based Financing

In order for a client to be approved for asset based financing, the business must have several conditions in order to apply.

Sales Revenue & Parameters

1st Commercial Credit has various funding programs for businesses averaging monthly sales revenue from $2.5 Million a month to $10,000,000 a month. The structure of an asset based financing facility will depend on the credit history of the owners, number of accounts, billing cycle, financial status of the applicant, type of industry, master sales agreements, and proof of delivery documentation.

Business Asset Finance for manufacturers

Utilize your business assets such as inventory and fixed equipment to leverage your business growth.

Accounts Receivable Assets

Our funding program must have a core asset of accounts receivable. The business must maintain a recurring invoicing process with the same account debtors and bill under net 60 day terms.

Inventory Assets

We will consider inventory asset financing depending on the clients needs. The borrowing base must stay under 25% of the accounts receivable face value.

Fixed Equipment Asset Finance

1st Commercial Credit can provide the business with Asset Purchase of equipment and refinance the assets at a longer term. This is usually provided by an affiliate lender that specializes in the specific equipment to be financed.

Asset Based Finance Businesses Benefits

The majority of our prospective clients are under capitalized companies that have good performing receivables and are growing faster than their cash flow intake. Asset based financing works well with manufacturers, distributors and service companies with a leveraged balance sheet whose seasonal needs and industry cycles often disrupt their cash flow.

Asset Based Lending is currently a major source of funding for many companies

Asset Based Lines of Credit are main attractions in today's competitive business world with fast and steady funding provisions. Since they supply a continuous flow of cash by means of revolving lines of credit, they provide financial support and stability to the day-to-day operations of their commercial borrowers. Each borrowing company's credit line is determined by the combined worth of its assets. These assets may include accounts receivable and inventory, business equipment, manufacturing machinery, certain contracts with recurring revenue, or personal assets of business owners.

What Type of Collateral is Most Often Required for Asset-Based Lending?

Acceptable collateral for most asset-based loans (ABLs) includes accounts receivable, inventory, business equipment, and factory machinery. Appropriate inventory may be both finished goods and marketable raw products. In some instances, certain personal assets of business owners may be requested by lenders as collateral.

  • Accounts receivable. – This is the most popular type of collateral among asset-based lenders, due partly to the liquidity aspect of these accounts. Also, this form of collateral has a pre-set value.
  • Inventory takes second place to accounts receivable on the list of collateral most favored by asset-based lenders. This is mainly because inventory lacks the stabilized value and liquidity of accounts receivable. It is necessary for inventory to be sold in exchange for cash to establish value. In addition, inventory aspects like LIFO and FIFO make value assessments difficult. Learn more about Inventory Financing
  • Although they are often acceptable collateral for asset-based lending approval, manufacturing machinery and business equipment are usually more helpful for obtaining a term loan. Their worth as collateral is longer lasting and equal to the duration of their useful operation. Currently, trademarks and customer lists also can be used as collateral for some ABLs.

Since both accounts receivable and inventory are renewed throughout the year at periodic intervals, they are in the favored classification of eligible collateral.

Request A Callback Today!
Receivable Financing Rates
Financing Rates at 0.69% to 1.59%
◽️
Quick Approval Process!
◽️
Easy Set-Up in 3 to 5 Days.
◽️
No Financials up to $350k.
◽️
Over 18 years in business.
Schedule A Callback
We Attract Clients That Experience:
Growing faster than their cash flow.
Uneven seasonal sales volume.
Slow cash flow due to a slow payments.
Need import payable financing.
Factoring Rates at 0.69% to 1.59%.
Require Funding in 3 to 5 days.
Lose their line of credit at the bank.
Need export receivable financing.
Require purchase order financing.
Request A Quote
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