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

• Accounts Receivable
• Inventories
• Machinery and Equipment
• Real Estate
• 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:

• Automotive parts and products
• Branded apparel and accessories
• Building supplies
• Business services
• Chemicals and plastics
• Computer-related products
• Consumer products
• Dairy
• Food, groceries and beverages
• Industrial manufacturing
• Paper-related products
• Rental equipment
• Retail stores/Catalog sales
• Steel and other metals
• Textiles, yarns and furnishings
• Transportation

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.

Related Products and Services
•Commercial Lending
•Government Contract Finance
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