What are the criteria for borrowing?

Secured, revolving lines of credit between $1,000,000 to $7,500,000.

Loan Type and Size:
Secured, revolving lines of credit between $1,000,000 to $7,500,000. This credit need usually correlates to a business having revenue between $5 - $75 million.

Typical funding formula (rate of advance) that is tailored opposite financial and collateral qualifications:
Accounts Receivable (A/R) – up to 85% against eligible A/R within 60 days of due date (typically 90 days from invoice date). Ineligibility standards include but are not limited to A/R that is past due, cross aged, subject to offset, high dilution, significant concentration, an affiliate, owner or employee.

Inventory – up to 50% against eligible raw materials and/or finished goods inventory (excluding work-in-process). The rate of advance will be driven primarily by the type, turnover, location and liquidation value of the inventory.

Machinery & Equipment – generally up to 50% of the net orderly liquidation value (OLV) as determined by a third party appraisal. These advances/loans are a small portion of the loan and typically amortized on a monthly basis over 36-60 months, and a bullet maturity with the line of credit contract expiration.

Contract maturity:
All loans would include limited financial covenants and contract maturities of up to three years.

ABL is actively seeking lending opportunities within Ohio, Kentucky, Indiana, West Virginia, Tennessee, Pennsylvania, Illinois, Michigan and Wisconsin.

 

ABL offers working capital lines of credit secured by accounts receivable, inventory and machinery & equipment. It provides state of the art collateral monitoring and loan administration services, and is only focused on the small to medium size business market primarily within the states of Ohio, Kentucky, Indiana, West Virginia, Tennessee, Pennsylvania, Illinois, Michigan and Wisconsin. ABL is poised and driven to be the lender of preference in this market.
Phone: (513) 429-5511  Fax: (513) 429-5510