Asset based loans are types of loans that are secured by businesses assets. Often these loans have a revolving credit limit that is adjusted due to the value of the changing Accounts Receivable and Inventory levels. ABL is a great option to gain leverage and availability for your financing needs.
At Meritus Capital our internal resources coupled with our excellent syndicate partners gives us flexibility to offer senior secured asset-based loans from $1 to $40 million to lower middle market businesses across the United States. Our focus is on the quality and value of a company's accounts receivable, inventory, and equipment collateral rather than on conventional financial ratios and credit ratings.
With the current environment, bank's lending appetite into the lower middle market business segment has waned. Asset-based lending is a popular choice for companies as an alternative to a conventional bank loan.
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We have closed many hundreds of corporate finance deals as large as 105MM and have the expertise to quickly underwrite, approve, and fund transactions. Give us a call and lets discuss options for your business.
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