Make business decisions from a position of financial strength. Enjoy better planning, inventory control and enhanced revenue by taking advantage of Asset Based Lending (ABL) from State Bank's Working Capital Funding Group. Then watch your business benefit from a reduction of credit risk and an increase in negotiation strength with suppliers.
Is ABL right for your business? Here are the parameters:
Funding: Revolving credit facilities from $500,000 to $5,000,000.
Types of businesses considered: Manufacturing, Wholesale Distributing, Transportation, Service Companies
Revolving Credit Lines: Advances up to 90% of eligible receivables and 50% of eligible inventory.
Terms: Revolving lines of credit ranging from one to three years with annual renewals thereafter.