Asset-Based Lending is a multi-faceted financing powerhouse with a number of outstanding characteristics. It has the power to carry the load for a fast growing company, the versatility to handle undercapitalized middle market firms and the nimbleness to handle the challenges of financing many types of business.
In conventional lending, banks look to the company's balance sheet and operating results as the primary source of repayment, and collateral is viewed as a secondary source of repayment. However, in asset-based lending the collateral is viewed as the primary source of repayment and operating results are viewed as a secondary source of repayment. Simply put, asset-based finance describes a financing philosophy where the amount of the loan is primarily based on the value of the collateral.
Alliance Bank offers customized asset-based lending solutions that provide greater flexibility than traditional bank financing. Our experienced business bankers can structure a revolving line of credit against the clients accounts receivable and inventory that converts current assets into operating cash used to finance working capital needs.
Alliance Bank is a full-service bank with sophisticated cash-management products, online banking and a wide array of commercial banking products to help you manage and grow your business. Our products and services continue to expand to keep pace with ever-changing needs of middle market companies.
Alliance Bank offers asset-based loans to a broad range of companies with borrowing needs of $500,000 and up.