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The Difference Between Bank and Non-Bank ABL Financing
First Asset Based Lending Group on the benefits of non-bank asset based lending (ABL). Obtaining a bank ABL loan can be a long uphill struggle. National Banks would focus on borrowers with high earnings, excellent credit history, strong balance sheet and predetermined debt service ratios.

Non-bank financial services companies, such as First Asset Based Lending Group, attracts those companies that would not qualify under national bank lending standards, which may apply to certain borrowers with high leverage, negative net worth, recent losses, and those faced with fast growth/expansion needs. Under traditional lending guidelines these borrowers would not qualify.

Non-bank lenders in determining the lending criteria of a potential borrower would look at the company's business model, good diversification within the receivables, the basic capabilities of management, and the ability to generate eligible sales.

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BASIC REQUIREMENTS

Asset Based Lending

Receivables Lines of Credit
Minimum: $100,000
Maximum: $25 million
Years in Business: 2 Minimum
DSCR / FCCR: 1.20x
Rates/Terms: Competitive
United States and Canada
Standard terms and conditions apply

Factoring / PO Funding

Minimum: $5,000
Maximum: $15 million
Startups OK
Advances: Up to 92% - 95%
Rates/Terms: Competitive
United States and Canada
Standard terms and conditions apply