Asset Based Lending and Factoring
The financing needs of businesses can vary considerably depending upon time in business, sales volumes, payment delays, etc. and SBA and USDA loans will not always represent the best financing structure.
To meet a wide range of business financing needs, WebBank additionally offers asset based lending products and receivables factoring. These products enable businesses to obtain the type of financing they require at various stages of their life cycle.
Working Capital Solutions, Inc., a subsidiary of WebBank, can help "Turn ON" your company's cash flow by converting your accounts receivable into cash within 24 hours (after initial account approval). Whether you're a high-growth start-up, a thriving mature business or currently experiencing financial difficulties, WCS can help. Every business has cash flow challenges at one time or another, even when sales are booming. And these can cause business owners and financial officers many a sleepless night. WCS provides a fast, safe and secure cash flow that you can rely on to grow at the same pace as your sales.
The WCS advantages are:
- Fast Application Process - Just days from complete application submittal to your first funding!
- Competitive Rates - As a subsidiary of WebBank, WCS passes on its low cost of funds back to you through some of the lowest rates in the industry.
- High Advance Rates - Unlike most Factors, WCS can offer advance rates up to and in some cases exceeding 90%.
- Daily Reserve Refunds - Again, unlike most Factors, WCS can structure a program where collected reserves are released back to you continuously.
- Professional Credit Services - Our experienced staff will lower or eliminate your bad debts. WCS also provides access to most every credit resource available, thereby maximizing credit approvals which will help turn potential buyers into your new customers!
- Asset Based Lending (ABL)
- A/R Revolvers with Inventory & Equipment sublines - Increase your available loan amount with qualified Inventory and/or Equipment collateral.
- Minimum Funds Employed as low as $250,000 - Most ABL's require minimum usage of $1,000,000.
For more information on Working Capital Solutions please go to
www.webbankwcs.com or e-mail us at firstname.lastname@example.org.