financing for service providers - asset-based lending & factoring
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Financing for Service Providers
North Mill Capital's AssetBased Lending (ABL) and InvoiceBased Financing (Factoring) programscan be valuable sources of funding for Service Providers which do not meet traditional bank creditparameters, but have quality accounts receivable on their books...
Program Overview
Factoring from $100,000 $30 MillionABL from $500,000 $30 Million
Advance ratesUp to 85% on Accounts Receivable ABL & FactoringUp to 50% on Inventory ABL in conjunction with ARUp to 85% against liquidation value of Machinery & Equipment in conjunction with AR
Common Client Characteristics:Little operating historyMarginally profitable or losing moneySteep projected revenue growth curveWeak balance sheetReporting lossesNegative tangible equityBumping up against current lender's credit limitsCurrently in the asset recovery department of a bankIn or emerging from bankruptcy
To learn if your service provider client is a fit for our ABL or Factoring program, please contact metoday at 2033049527 or [email protected].
North Mill Capital LLC is a privately owned, nonbank assetbased lending and factoring companywhich provides revolving credit facilities to a wide variety of businesses throughout the United States.
"We are big enough to serve you and small enough to know you."
Chris Lehnes
Senior Vice President
2033049527