Why Asset Based Lending?
- Perfect for high growth companies that do not want their lines of credit capped by a bank, or traditional lender. Asset based credit lines continue growing as your receivables, or receivables and inventory levels rise.
- Personal credit scores of company principals, or time in business requirements for young companies not an obstacle to receive an approval.
- Noble Funding’s asset based lenders will approve companies with weak balance sheets and negative cash flows, but the interest rate would be higher than companies with strong balance sheets and superior cash flows.
- Term sheets issued within 72 hours of receiving financial package.
- Allows our clients to grow their business at a rapid pace.
- Annual interest rates only slightly higher than traditional bank lines of credit, and often accompanied by much higher levels of access to capital.
In addition to arranging asset based lines of credit at the most competitive terms for our clients, Noble Funding has also funded more complex scenarios such as:
- International Accounts Receivable
- Medical Receivables
- In-Transit Inventory
- Purchase Order Financing
- Inventory Only Transactions
- Publicly Traded Companies
