Receivable Lines of Credit
A Receivable Lines of Credit is a beneficial product for any business concern which sells on credit and/or has readily salable inventory. General candidates for the accounts receivable financing program are:
- Wholesalers and Distributors
- Manufacturers
- Importers
Program:
Amount:
$250,000 to $1,500,000
Advance Rate:
Up to 80% advance on eligible Accounts Receivables based on monthly detail agings
Inventory:
Up to 30% advance on inventory levels
