This
Commercial Finance product is a credit line based on a pool of
invoices that may have one or more account debtors that are of
questionable credit standing. This product is used in situations
where businesses need additional access to credit above and
beyond the factoring of individual debtors.
Collateral
administration can take the form of traditional asset-based
lending to the discipline of factoring depending on the credit
quality of debtors and that of the client. Clients can use this
product as a stepping stone to traditional bank financing.
Commercial
finance lines of credit leverage accounts receivable up to 85%
of eligible accounts fewer than 90 days old. Pricing is based on
a prime + rate for the funds borrowed and a collateral
administration fee is charged based upon the level of monitoring
that is needed.
