Asset Based Finance

Asset Based Finance provides businesses with immediate cash flow, based on a percentage of value of the company’s assets such as AR, inventory, and equipment. Microplus Capital, LLC can then offer a revolving line of credit based on the percentage of a company’s assets.

Why use Asset Based Financing?

Our Asset based lending is quick to provide the funding business owners need, when they need it. Capital from asset based finance can support companies through growth, acquisitions, and reconstructions.

Asset based financing is generally more flexible than traditional financing because the borrower only pay interest on the amount of funding they draw, which can make it more cost effective than traditional loans as well.

Asset based lending is ideal for companies looking for a quick and flexible financing option, when a traditional loan is difficult to obtain.

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Formula Base Finance

Microplus Capital, LLC can assist with formula based finance. Formula base finance is when the amount available under the line of credit is a predetermined advance rate on eligible accounts receivable and inventory.

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Inventory Financing

Microplus Capital, LLC offers an Inventory Finance which is a loan or line of credit against a business’s inventory. Inventory financing is a form of asset-based lending that allows businesses to use inventory as collateral to obtain a revolving line of credit. This line of credit can be used to purchase additional inventory or to help a business get through seasonal fluctuations in cash flow, among other situations.

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Asset Based Lines of Credit

At Microplus Capital, LLC, we have deep industry knowledge and expertise to structure and fund and Asset Based Lines of Credit. We have several programs to tailor fit your business’s needs.

We have a ability to collateralize your accounts receivables, equipment and inventory to provide a revolving EntrpreneurialMainline of credit to fund the growth of your business.

We have some of the most competitive rates and terms in the industry.

Asset-based lending (ABL) is a great solution for businesses that have needs that are outside the realm of what traditional banks can offer. Whether it’s greater leverage, softer covenants, or more flexibility, asset based structures can be customized to meet the needs of each individual company.

Asset based lending provides a line of credit based on the company’s eligible assets usually the following listed here below:

  • Accounts receivable
  • Inventory
  • Machinery and equipment

Asset-based lending offers more flexibility than other methods of financing, and is a fast and cost-effective way to obtain working capital. Unlike certain types of structured financial products, with an asset-based lending relationship, you do not have to give up equity in your company.

ABL gives your company the flexibility it needs to grow, recapitalize, take advantage of supplier discounts, buyout shareholders, or even to fund payroll. It can increase or decrease based on your current business size and needs, and you will have daily and weekly access to your line of credit when you request it.

Below are some of the industries we lend in under this product but certainly not limited to.

  • Transportation/Freight Services
  • Temporary Staffing
  • IT Consulting
  • Government Contractors
  • Manufacturing
  • Distribution
  • Wholesalers
  • Miscellaneous Service Providers

Loan Amounts: $500,000 to $50,000,000
Rates: 4% to 15%

Forms of Asset Based Lines of Credit

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Unsecured Business Lines of Credit

Unsecured Business Lines of Credit can help businesses obtain working capital for any short-term projects. Unsecured Business Lines of Credit are usually not secured by collateral and provide short-term cash flow for the unplanned expenses associated with the course of business. These are great working capital loans for businesses.

What can you use an Unsecured Business Line of Credit for?

  • Debt management
  • Emergency working capital
  • Startup funding
  • General working capital for businesses

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Unsecured Business Lines of Credit

Microplus Capital, LLC specializes in Unsecured Business Lines of Credit. These business lines of credit do not require collateral and include anything from smaller business credit card solutions up to individual lines of credit for $500,000.

How muchunsecured_business_loan the business owner qualifies for depends on the credit profile and the size and profitability of the business.

Start-up companies with no established revenue and a business owner or partner with a good credit file can expect to receive between $25,000 – $100,000 normally. Established businesses with revenues of $1,000,000 up to $10,000,000 can expect between $100,000 – $500,000 with no collateral if they qualify with their financials and credit.

These are A-Paper products so the rates are very good. They range anywhere from 0% introductory offers on all our business credit card solutions to 1-5% over prime for the larger lines of credit. We don’t offer “subprime” Unsecured lines so you’ll either get the good rates or you will not be approved.

We offer a No-Obligation Pre-Qualification that takes 10 minutes to complete and only requires a credit-check that costs less than $45.

Feel free to speak to one of our representatives on obtaining an unsecured line of credit.

Read more on Unsecured Business Lines of Credit.

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Contract Finance

Microplus Capital, LLC has a very unique contract finance program that is far less expensive then equity and provides for a more sensible solution for any business that may qualify for this product.

jjOur approach allows you to acquire the maximum cash from your contract now by simply (monetizing) your contract that you either already have in place or are in negotiations with.

We custom tailor each transaction catering to our client’s needs. This enables you to access the money you need from your sales immediately, instead of having to wait and receive payment incrementally over the life of the contract.

Program Highlights:

  • Minimum deals size $1,000,000
  • Customer investment grade or near investment
  • Service Contract must have a component of equipment
  • This program is not for ongoing service maintenance contracts
  • Great for startup or emerging growing companies

Industries where our products works best:

  • Any Break Through Technology or Process
  • Technology
  • Computer System/Software Development
  • Digital Broadcasting
  • Waste Management
  • Water Purification
  • Recycling
  • Medical
  • Retail
  • Communications
  • Entertainment
  • Banking
  • Food Processing
  • Education
  • Municipal
  • And many others…

Call us today to learn more about our Contract Financing solutions.

More on Contract Finance Requirements and Structure

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Commercial Development & Construction Loans

Microplus Capital, LLC is a direct source for Commercial Development and Construction Loans. In a time when construction lending from traditional banks have virtually dried up, dummy31we recognize that there are still viable and good projects that need financing in today’s market.

We don’t credit score on our applicants for this program. Our team makes all the decisions in house and we employ a multi angle underwriting approach to each transaction that allows our team to make a decision quickly without going to committees.

There are no upfront fees or countless delays in obtaining financing. Our process is straight forward and simple. Below are the details and parameters to our innovative program.

Program Highlights:

  • Nationally. We can look at International projects on a case by case basis.
  • Loan Amount: $3,000,000 to $50,000,000
  • Funding time: 45 days or less. Yes, we can typically fund the project in this time frame.
  • Interest Rate: 5% to 9% Fixed (1% rates for Churches)
  • Amotorization: up to 25 years
  • Term: 5 years – Also can structure a construction to permanent loan with interest only during draw down periods.
  • Points: Up to 3% to be paid at closing
  • Fees: None
  • Non Recourse

Collateral: Hard assets such as real estate, land or equipment.

Depending on the project there are some cases where we will take an equity stake in the project.

Borrower Requirements:

  • The ability to have at least 10% liquid cash of the project size to put into your project. This is a must and non-negotiable
  • Must have the ability to demonstrate that you can perform on your project with a good business plan

Industries we are aggressively looking to finance:

Construction and Development, Hospitality, Office, Multifamily, Retail, Golf Courses, Oil and Gas Industry, Special Use Properties, Mining, Churches and many more.

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Transportation Financing

Microplus Capital, LLC’s transportation Financing or transportation purchase order financing helps transportation companies fulfill timely and demanding orders by funding purchase orders in exchange for working capital to help with fuel costs, insurance, and vehicle repairs.

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Manufacturing Purchase Order Financing

Microplus Capital, LLC’s Manufacturing Purchase Order Financing allows the company to manufacture products when they do no have the funds to pay suppliers directly without hurting their financial accounts

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