Get funds backed by assets or future cash flow – that fit anywhere in your capital stack.
We offer two distinct financing solutions, depending on the status of your balance sheet assets. Our core solution is Asset Based Financing, however, not everyone qualifies for a few reasons: either their assets are tied up with another creditor, or they are an asset-lite business. In which case, we offer Sales Financing solutions. Please click on each below to learn more.
Having short-term assets on your balance sheet – like Accounts Receivable, Purchase Orders, and Inventory – opens your company up to an array of flexible, affordable solutions. Provided your assets are not tied up with existing creditors, we can offer lines of credit (for profitable companies only), factoring, and purchase order financing for cost of goods sold (COGS). With the exception that if you’re looking to replace your current provider, we’d be happy to explore further.
If you have a senior financing partner in place, or you run an asset lite business, then sales based financing might be for you. As the name implies, sales based financing is based on sales history, as well as cash flow, profitability, and future forecasts. The asset being financed is “future Accounts” (or sales). This means commercial financing companies share your going concern risk: that customers stop walking through your door. As a built-in feature, you only pay when you collect receipts.
With access to 60+ financing partners, we guarantee you multiple paths to close, provided you qualify.
Since September, 2023, we’ve deployed $114M+ to clients across an array of industries.
Asset based deals take 5-15 business days to close, sometimes longer. Sales based deals take 1-3 days. All deals move and depend on client responsiveness.
If you have A/R, POs or inventory, then you may qualify for asset based financing. If you don’t maintain any of those assets, or your A/R is is low credit quality, then sales based financing may be a more viable path. There are nuances however. If you have an asset based solution in place already, then we can explore either refinancing that same position, or sourcing you additional capital in the form of sales based financing. There are also many other factors to consider. Even if you did qualify for asset based financing, you may not want to enter into a long-term partnership. In which case, using sales based financing as a “bridge” is probably a better solution, despite being more expensive. The objective of our first discovery call is to identify potential viable paths for the business.
They are alike in that they require less documentation and history than a bank would. Generally, most solutions we offer do not require a personal guarantee. But the use cases are very different.
Asset based solutions are generally more secured, and therefore cheaper. They also tend to “revolve” in your business since these solutions leverage short-term assets like A/R, POs, and inventory. Asset based solutions are rarely a one-time transaction. Instead, you set yourself up for a “facility” to “revolve” on as you grow – drawing on capital to fund inventory, vendors, and general working capital. Sales based financing can be structured for the long-term, but there are no obligations to maintain funding. You can simply secure capital once, pay it off, and be done with it.
For the most part, no. Certain line of credit deals almost always require them, but these are only available to profitable companies with $3M+ in sales.