Asset-Based Lending

To speak with an asset-based lending expert, call 800.200.1208

EMAIL USGET STARTED TODAY

Asset-Based Lending

To speak with an asset-based lending expert, call 800.200.1208

GET STARTED TODAY

WORKING CAPITAL TAILORED TO YOU

With lower reporting requirements, North Mill Capital’s Asset-Based Loans use a borrowing base to manage the collateral. Asset-Based Lending gives you the freedom to increase your cash flow by borrowing against a pool of your assets – and because of your healthy financial status, we don’t monitor your every move.

WHAT IS ASSET-BASED LENDING OR AN ASSET-BASED LOAN?

Asset-based lending (ABL) is a business loan secured by collateral, or assets. The loan is secured by accounts receivable, inventory, equipment, and/or commercial real estate. ABL finance is typically structured as a revolving line of credit, which allows a company to borrow against assets on a continuing basis to cover investments or expenses as required.

QUALIFYING FOR ABL FINANCE OR FINANCING

Also known as ABL Financing or Finance, companies can utilize asset lending to maximize borrowing capacity. ABL financing can be used for strategic growth, to add new business, or to expand into new markets. To qualify for asset-based financing, it is generally required that the company is both stable and has assets that can be financed.

GET STARTED WITH AN ASSET-BASED LOAN TODAY!

Many banks and other banking institutions have regulatory restrictions and require you to complete lengthy paperwork before you even begin. North Mill Capital is adept at making the process as simple as possible so you can get the cash flow to grow your business now. Get started on Asset-Based Lending, today.

ABL Highlights:

Minimal reporting requirements

Custom mix of assets

Low interest rate

WE OFFER

  • Credit lines ranging from $50,000 to $30,000,000

  • No financial covenants, and contract terms from 6 months

  • Accounts receivable management and reporting

  • Assistance with customer credit limits and soft touch collection calls, if desired

  • Online access to reports and check copies

ASSET-BASED FINANCING

Borrowers share some common characteristics. Typically, they:

  • Are service providers, manufacturers or wholesale distributors, located anywhere in the USA

  • Are often marginally profitable or losing money; could be in, or emerging from, bankruptcy

  • May have a challenged balance sheet and reflect a negative tangible net worth

  • Might be in an asset recovery department of a bank or on an “exit” strategy

  • Want to establish a relationship with a knowledgeable and flexible lender

We always worked with commercial banks and never had an issue, but we found ourselves in a situation where we were looking for a real solid ABL facility and we became aware of North Mill Capital. We made an appointment to come down and talk with them and from that day forward it’s been an excellent relationship.

I can’t speak more highly of their team. Whenever we had a need, North Mill stepped up. Whatever request we had to make our lives easier from a borrowing capacity perspective, the team stepped up. Everything they’ve said, whatever they’ve committed to us, they delivered.

What I like about North Mill is that everyone there knows who you are and what you are trying to accomplish. North Mill Capital has always been very responsive and has always been there for us when we needed them, and I think that’s critical.

Jim Segreto

CFO, SPAR Group, Inc.

Server Technology

Our experience with North Mill Capital has been fantastic. 

They have been very responsive and understanding of our needs as a growing business. 

Our partnership will allow us to take our business to the next level. 

Everyone at North Mill has been professional, courteous, and a pleasure to work with.

Mark Kingsley

Owner, 203 Trading LLC

North Mill Capital moves quickly, with confidence, to provide your financing. We lend on a custom mix of assets, without regulatory restrictions, to meet your cash flow needs today.

MORE OPTIONS FOR YOUR BUSINESS

North Mill Capital’s loans provide a way to get value from your assets, especially when you cannot obtain sufficient bank financing. And your financing can be customized to suit your exact cash flow needs, from the following options: