Asset Based Lending
Aurora Consulting is pleased to announce another financing alternative for businesses which do not meet traditional bank lending standards, but at a lower cost than most non-banks.
We Lenders that will finance a business with working capital based on Accounts-Receivables or Inventory, or, in an innovative product-twist, a combination of A/R AND Inventory. The Lender conducts a review of the business history for quality A/R credit and provides financing accordingly.
Product Highlights:
- Transactions from $500,000 to $10Million
- Business Gross Revenue requirements: $2Million Annual
- Accounts Receivable Factoring (Lender purchases the A/R)
- Finance working capital up to 95% of A/R
- Finance working capital up to 80% of Inventory
- Interest Rates beginning as low as 8%
- Ongoing funding within 24 hours (after initial credit approval)
- Lender provides Concierge and assigned relationship manager
This product is ideal for Businesses with these attributes:
- Stretched liquidity
- Often weaker debt-service coverage
- Solid customer base and inventory
- In need of incremental working capital due to:
- High growth rate
- Long production/collection cycle
- Execution of a turnaround plan
Aurora Consulting is your Broker to locate your business financing solutions. We are not the Lender. As your Broker we will work side-by-side with you and the Lender to smoothly facilitate your Loan Application and Approval process.
Aurora Consulting believes that business owners in need of capital to grow their businesses will continue on that path even after they have been sorely treated by a traditional lender. That’s why we look for innovative financing solutions! We know businesses will seek out the financing they need.
Contact us today to see how we can help you grow your business with the best credit financing solution for your needs.
We Believe in Access to Credit