Accounts Receivable

Accounts receivable and inventory lines of credit require that interest only be paid on a monthly basis. Principal is due at maturity, or upon triggering of specific events. Proceeds are used only to support the creation of new accounts receivable, or to purchase inventory expected to be sold within 90-days or less. Proceeds may not be used for purchase of capital equipment or other assets with an anticipated lifespan of more than one year. Depending upon how you plan to use your accounts receivable or working capital line of credit, you may be required to rest the line at a zero dollar ($0.00) balance for a period of thirty consecutive days during each loan term.

This line of credit is usually granted with a maturity date of no more than one year. At the end of the one year term, the lender will renew the line of credit, or expect repayment in full. Activating the line of credit usually requires that the borrower provide the lender with a current aging of accounts receivable, inventory or invoices for new inventory purchases. The lender will then apply a lending margin of 60% to 90% against eligible assets to determine how much you qualify to borrower at any given time.

FOR ACCOUNTS RECEIVABLE LOANS UP TO $150,000.00

FOR ACCOUNTS RECEIVABLE LOANS EXCEEDING $150,000.00

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