ASSET BASED LENDING ADVANTAGES
Asset based financing is a straightforward concept - matching a company's assets to its borrowing needs. Unlike traditional bank debt that relies heavily on balance sheet ratios and cash flow projections as loan criteria, asset based lending uses a client's business assets as its primary focus for lending. The result is usually far greater borrowing power than can be achieved from a traditional cash flow banking approach.
An important aspect of asset based lending at Wachovia Capital Finance is that prospective borrowers do not have to be profitable or have a minimum net worth. A business with tangible assets and qualified management can use its assets to create additional working capital to help carry out its business plans.
Collateral Types
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Accounts Receivable
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Inventories
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Machinery and Equipment
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Real Estate
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Certain Intangibles
Industry Expertise
Whether your company is a retailer, manufacturer, distributor, importer, service provider or government contractor, we will understand both your business and the language of your industry. Wachovia Capital Finance has significant experience lending to the following industries:
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Automotive parts and products
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Branded apparel and accessories
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Computer-related products
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Food, groceries and beverages
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Industrial manufacturing
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Paper-related products
- Rental equipment
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Retail stores/Catalog sales
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Steel and other metals
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Textiles, yarns and furnishings
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If you would like detailed information about our background in these or other industries, please feel free to contact us to discuss your financing needs.
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