|
|
|
 |
|
| |
 |
| ASSET BASED BUSINESS LOAN PROGRAM |
|
|
|
|
|
| Manufacturing, Wholesale, Distribution, Graphic arts, Transportation, Fabrication, and Service sectors. |
|
|
|
|
|
|
| Revolving: Up to 85% of eligible Accounts Receivable Up to 50% of eligilble Inventories Amortizing: Machinery and equipment can be offered in conjunction with revolving lines of credit or as stand-alone facilities. Advanced rates of up to 80% of the appraised auction value with repayment term of up to five to seven years. |
|
|
|
|
|
|
| Tied to spreads over the ten-year Treasury. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Requires appraisal, structural engineering, and environmental reports. |
|
|
|
|
|
|
| Bedford Lending and/or its affiliate is a collateral lender and as such does not focus solely on balance sheet, operating ratios or financial covenants. BLC does not require that current operation be profitable. However, the collateral base must be sufficient to support the turnaround plan, refinance any senior debt, meet vendor obligations and debt service requirements. |
|
|
|
|
|
|
| |
 |
|
|
"As a full service mortgage banking firm, BLC works as your financial advisor and as your lender. We carefully guide our clients through the finance maze, spending many hours evaluating the pros and cons of each alternative so that our clients can make fully informed financial decisions."
Wayne Jean, Founder & CEO
|
|
|
 |
|
| |
|
|
| |
| |
 |
|
|
|
| © Copyright 2003, Bedford Lending. All rights reserved. |
|
