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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
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:
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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