Sometimes, you need credit to help keep cash flowing through your business, and there’s no helping that. Most businesses encounter this challenge as they grow, and it’s actually more likely to happen when you are busy and successful than it is when you are struggling. The more customers or larger invoice balances you have, the more likely that you will be waiting on critical payments when you need to be able to count on cash being available. That’s where an asset-based line of credit is most useful.
With an Asset Based Line from Derix Capital Finance, you can access up to 90% of the value of your receivables through an interest-only revolving line of credit. Don’t put your finances in a bind trying to juggle your cash on hand waiting to collect 30, 60, or even 90 days of sales revenue. Use your ABL to cover your current costs, and keep your business moving forward.
• Accounts Receivable
• Machinery and Equipment
Line of Credit Size
• $250,000 to $30,000,000
• 70%-90% (depending on credit)
Contact our office today to find out if you qualify for a line of credit.