Asset Based Lending - Use accounts receivable and inventory as collateral for working capital loans regardless of balance sheet leverage. We routinely lend up to 85% of accounts receivable and 60% of inventory at competitive bank rates when middle market banks decline the credit.
If your business has need to borrow between $2,000,000 and $25,000,000, is located in or near the Midwest and is experiencing transitional issues such as weak operating performance, high leverage, rapid growth, bankruptcy, leverage due to a buyout, recapitalization or is in an out-of-favor industy (automotive) contact me at bbanning@talmerbank.com or 313-318-0019.
Specialties: Lending to companies in transition: Acquisition, turnaround, high growth, significant revenue declines and today's strained automotive supplier environment.