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Emerging companies often are under pressure from the demands of rapid growth. Established companies change direction. Companies in turnaround are squeezed out by their banks because of weak fundamentals. Banks are acquired and suddenly new account officers who don't know you or your business tell you to find another lender because you had a loss last quarter. We all know that a host of unforeseen challenges loom in our fast-changing business climate.
What do you do when your company's accountants and lawyers tell you that you're not bankable? Where do you find a reliable, consistent and flexible lender so that you can concentrate on your core business and know that you'll have the working capital you need?
Business Credit Partners can be the solution.
Asset-Based Lending from Business Credit Partners concentrates on your company's assets--inventory, machinery & equipment, real estate, and particularly accounts receivable--as collateral for a loan. (Simply put, Asset-Based Lending is a revolving credit loan based on a defined percentage of your company's assets.) The result: an immediate increase in cash flow to support your company's needs for immediate working capital.
Asset-Based Lending is collateral-driven. BCP focuses on your collateral and plans for the future rather than solely on your company's history.
Consequently, Asset-Based Lending is a powerful, viable source of financing for a company that either can't qualify for--or prefers not to rely on--traditional lending sources.
Asset-Based Lending from Business Credit Partners has many benefits:
Your Assets Can Work For and Help Your Business Grow Every Day
An Asset-Based Loan from BCP creates cash flow by leveraging the value of your company's assets. Your pledged assets keep working for you and simultaneously create added value by providing a basis for working capital funding from BCP as often as you need it, for as much as you qualify for under your loan.
BCP's Asset-Based Lending is a Creative & Flexible Solution
The primary focus is on collateral, not balance sheet history or fundamental analysis.
You may be able to borrow more than a bank would allow faster than a bank could provide.
There Are No Onerous Financial Covenants
No multi-year binding contracts or obligations. However, some borrowers prefer longer-term agreements, which are available. BCP's Asset-Based Lending clients generally stay with us voluntarily at least two years, but it's their choice--not their obligation.
Access to Senior Management
From day one, you will work directly with the senior managers who have the authority to make decisions and respond to you quickly. Your Portfolio Manager will come to know you and your business almost as well as you do. Remember old-fashioned relationship-based lending? You can have it again with BCP.
Focused Underwriting and Fast Documentation
Get started today. Call one of our Business Development Officers for a risk-free, no-obligation phone consultation to analyze your financial situation.
