JDB helps middle market companies by providing them with various financial products, ABL and business loans to meet their financing needs. Providing financing in over 15 foreign currencies and has a presence in 5 continents. Asset-Based loans provide businesses with immediate funds and ongoing cash flow in the form of a revolving line of credit based on a percentage of the value of the company’s assets, such as commercial accounts receivable, machinery & equipment and inventory. Businesses pay interest only on the funds they’ve drawn.
Our Products and services include:
- Nationwide and International Receivables Finance Facilities
- Invoice Discounting (Is an ideal financial solution for clients who need working capital but wish to retain control of invoicing, collection, and sales ledger management. With Invoice Discounting Program, clients receive cash in advance of the maturity date of invoices. Non-notification options are also available, where buyers remain unaware of the lenders involvement.)
- Asset Based Loans
- Account Receivables
- Machinery & Equipment
- Inventory
Features:
- Up to 85% advancement on Domestic and Foreign Receivables
- 50 to 70% on Inventory, Machinery and Equipment
- Facility size of $250,000 to $15,000,000
- Financing in over 15 currencies
- Accounts receivable collections are directed lockbox. All information accompanying the payment is forwarded to your company.
- Settlement of funds are made either weekly or monthly, depending on volume and your company’s needs.
- The insurance policy is managed by your company or by an assigned broker. lender is named Loss Payee
Criteria
Most companies qualifying for an asset-based loan will be B2Bs (business-to-business) in manufacturing, wholesale, distribution or business services generating commercial accounts receivable invoices. In most cases, annual sales range between $1 million and $250 million. The due diligence period for lines of credit approvals are often 20 to 30 days and require the following:
- Balance sheet tangible equity
- High quality account debtors
- Cash lockbox receipts through SCC
- Low dilution of accounts receivable
- Two years of tax returns
- Personal guaranty from ownership group
- First secured position on all assets of borrower
- Satisfactory third party collateral field examination prior to funding
Top 5 Reasons Companies Choose Asset-Based Lending
- Optimize working capital
- Transaction Size Asset-Based revolving lines of credit range from $250,000 to $15 million.
- Support continued growth
- Take advantage of opportunities
- Need for flexible and customized package
- Unable to get traditional financing due to high growth, limited sales history or restructuring situations
We will need to collect the following to obtain proposals from potential lending sources:
- Your current accounts receivable and accounts payable aging reports
- A current customer list
- Financial statements for the past two years along with the current year-to-date statement
- Sample of an open invoice
- Overview/description of your business
- Location and name of your business
When the banks say “NO,” I am your next call
330 832 5253
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