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 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
- 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
- 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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