Collateral & Asset-based Lending
$250,000 to $5,000,000
Stimulus Plan from Approved Finance Group Private Asset Fund Approved Finance Group private asset fund has a plan to get the cash you need from the equipment you own today. Our private asset fund has linked up a network of private investors to bail you out of your current cash crunch. We can assure you that we have the cash to help you re-invest in the your company.
Our private investors like to invest a minimum of $500,000.00 in your company and you can have your money in as little as 30 days. That’s right 30 days till you receive your cash infusion.
We can also lend up to 70% of that value in amounts from $200,000 to $5,000,000. We especially like installed and operating production line equipment such as bottling plants or food processing lines as well as "Yellow Iron" construction equipment. We can also use receivables and/or real estate to strengthen weak transactions.
A typical deal is for 48 months with a 25% residual/put so stream payments are reduced. Time to funding is usually 15 to 45 days and, of course, a full financial and credit package is needed together with an equipment list and receivables aging report.
This program is also available to public companies without the need for personal guaranties.
Of course, we also offer a full spectrum of transaction structures for less volatile situations including “step up” payment schedules for start up companies where initial payments are low to allow cash flow to develop before dealing with the larger portion of the obligation.
Approved Finance Group private asset fund prefers the following types of equipment and markets:
YELLOW IRON |
LOADERS |
EXCAVATORS |
CRUSHERS |
CRANES |
BULLDOZERS |
MACHINE SHOP |
TOOLS |
TRUCKS |
TRAILERS |
INDUSTRIAL |
BUSES FLEET |
LOGGING EQT. |
CONSTRUCTION |
PRODUCTION |
When your company is in need of working capital, Approved Finance Group can turn your assets into cash. We will finance the value of the asset. Unlike banks, we finance most loans with very little consideration of credit. We can lend to companies with tax liens, bankruptcies; and one man shops. Best of all, you keep the asset for your use and get the cash value of it as well. The payments are tax deductable.
Approved Finance Group has seen our program work best for companies in turnaround situations, start ups,Chapter 11, debt restricting as well as structured purchase of new equipment.
Requested to be considered must be $250k to $5 million
5 REASONS TO CONSIDER THIS AS YOUR STIMULUS
1. This isn’t a traditional bank transaction – These are private asset backed transactions that are structured to match your business needs.
2. These are not credit decision these are Asset Decisions.
3. We don’t make decisions on credit or tax returns
4. We make decisions on your ability to become bankable
5. We bailout good people with good American businesses
Approved Finance Group offers a flexible and customized approach to asset-based lending designed to give entrepreneurs access to the working capital that's tied up in many asset classifications on your company's balance sheet, such as Accounts Receivable, Fixed Assets, Equipment, Real Estate, Computers, Inventory, etc.
Some types of collateral that we finance:
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Real Estate
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Heavy Machinery
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Construction Equipment
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Printing Equipment
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Trucks
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Office Equipment/Furniture
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Computers
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Tools
By borrowing against these current assets, management is able to generate cash sooner than if it had to wait for inventory to become accounts receivable, and for accounts receivable to become cash. Wholesalers, retailers, distributors, manufacturers and service companies can all benefit from the use of our revolving credit facility. Our revolving credit facilities are custom structured to meet the needs of each business. In order to make the loan "work", Approved Finance Group's financial experts will work outside the box to find the best way to give the client the maximum availability.
Approved Finance Group's underwriters will determine an advance rate and an eligibility formula. The advance rate is the maximum percentage that we can make available against the eligible assets in your company's borrowing base. Typical advance rates may vary significantly depending on the type of business, the stability of the business, and the additional collateral available.
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