ASSET BASED LENDING

For businesses with working capital needs beyond their advances against eligible inventory and/or eligible machinery and equipment. Our facility maximizes availability and advance rates on accounts receivable, inventory, and equipment. This releases the value of a business’s collateral to support growth, restructuring and ensure the business is placed to take advantage of its opportunities.

Combined facility ensures maximum availability based on asset valuation. One single borrowing base including A//R, inventory and/or machinery and equipment along with live web-based reporting. One Account Executive as point of contact for day to day activity. Covenant free facility with no covenants and/or financial restrictions.

Facilities – from $500,000 to $5 million on each type of asset (Facilities start at $100,000 for A/R only)

Eligibility

Accounts Receivable – up to 90% of eligible One single borrowing base including A//R, inventory and/or machinery and equipment along with live web-based reporting. Inventory – up to 75% of eligible Inventory. Machinery & Equipment – up to 75% of eligible Machinery & Equipment.

Advantages of PNA Finances

Credit management and credit department at no cost. Lockbox expense borne by us. No time consuming pro-forma financial statements, budgets and other requirements imposed upon client. No personal assets pledged.

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