Recent Deals

4th Quarter 2011

$18,000,000 revolving asset based line of credit for over the counter and prescription pet medications distributor. 85% advance on accounts receivable, plus 70% advance on inventory. Client saved $1,080,000 interest expense versus previous lender and gained more availability.

Said their CEO, Mr. Christensen “Noble Funding did a great job on our behalf. Even though we are not quite two years old, we have experienced explosive growth. Noble arranged a very sizable line of credit at better terms than we had found on our own. We appreciate all their efforts, and this access to capital will allow us to emerge as a market leader in our industry.”

$15,000,000 asset based revolving line of credit for oil and gas chemicals and products distributor. 85% advance on accounts receivable, plus 50% advance on inventory, including in-transit inventory. Client saved $450,000 interest expense versus previous lender and gained more availability.

Said their CEO, Mr. Hinds “Noble Funding really delivered our ideal financing partner. We were fielding offers from a handful of direct lenders, but ultimately Noble Funding won out. Thanks to Noble Funding we are able to import more goods, increase profitability, and fill more orders.”

$1,500,000 revolving line of credit for oilfield products manufacturer’s representative. 85% advance on accounts receivable, 25% advance on inventory. Client saved $180,000 versus previous factoring relationship and gained more availability.

Said their CEO, Mr. Hicks “We gave Noble Funding specific instructions to find us a lender that would appear invisible to our customers, unlike our current factor. Noble Funding not only delivered the ideal lender, but also saved us about $180,000 per year in interest expense. Obviously we are very happy to say goodbye to our factoring relationship and are excited to work with our new banking relationship. Thank you Noble Funding.”