asset based revolving line of credit for oil and gas chemicals and products distributor. 85% advance on accounts receivable, plus 75% advance on inventory, including in-transit inventory.
Said their CEO, Mr. Hinds, “Noble Funding came through for us again. Our continued exponential growth rate quickly caused us to outgrow our $15 million credit facility that Noble had previously arranged on our behalf. Noble once again placed us with a strong lender that could accommodate our immediate needs, but more importantly grow with us. The new credit facility was structured with better terms and a lower cost of capital. We are extremely pleased and grateful to have Noble Funding assisting us during each of our debt capital raises.”
asset based revolving line of credit for a company specializing in the retro fitting and refurbishment of cellular towers and transformers. 85% advance on accounts receivable.
Said their CEO, Mr. Kabot “Our firm recently acquired a target company in the cell phone tower refurbishment space. We required a line of credit that would allow us to ramp up quickly and have sufficient working capital while we waited for the major telecom companies to pay our invoices. Noble Funding accomplished all of our objectives and closed our transaction in less than 30 days. Business is now really taking off and we are very appreciative of Noble and all their efforts.”
revolving A/R only asset based line of credit for publicly traded water treatment and remediation company. 85% advance on A/R and weekly advances on monthly unbilled receivables.
“As a young publicly traded company, we were looking for financing that was far less expensive than factoring. Noble delivered an asset based line of credit at superior terms that included a weekly advance on monthly unbilled receivables.” — CEO Mr. Wohler
revolving A/R only asset based line of credit for manufacturer and distributor of high end cabinetry. 85% advance on accounts receivable.
“Our company is owned by a private equity firm and we did not have a revolving line of credit. After five tough years for the housing and remodeling markets, we had positioned ourselves for significant growth – but we needed a line of credit to facilitate that growth. Since our recent financial statements showed the effects of the past five down years, we were not attractive to traditional banks. Noble Funding was able to quickly find us asset based financing that was a great fit for our needs” — CEO Mr. Moore
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.”
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.”
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.”