Asset Based Lending – Arlington Texas
Asset-based loans are based on assets, generally equipment, accounts receivable and inventory, that are used as collateral. You’re putting your future revenue on the line to gain access to money right now. Asset-based lenders will advance funds based on an agreed percentage of the secured assets’ value. The percentage is generally 70 percent to 80 percent of eligible receivables and 50 percent of finished inventory and equipment.
Asset-based loans can be a much-needed source of capital for companies that are rapidly growing, highly leveraged, in the midst of a turnaround or undercapitalized. Sometimes a company simply needs that infusion of cash to get over a financial hump or prevent growth from stalling out.
The loans are especially well-suited for manufacturers, distributors and service companies with a leveraged balance sheet whose seasonal needs and industry cycles often hamper their cash flow. Asset-based loans can also be used to finance acquisitions.
Arlington is a foremost city in the U.S. condition of Texas, situated in Tarrant County. It is a piece of the Mid-Cities locale of the Dallas–Fort Worth–Arlington metropolitan range, roughly 12 miles (19 km) east of downtown Fort Worth and 20 miles (32 km) west of downtown Dallas.
As indicated by the U.S. Registration Bureau’s gauge, the city had a populace of right around 379,577 toward the finish of 2013, making it the third-biggest district in the metropolitan territory. Arlington is the fiftieth-most crowded city in the United States, the seventh-most crowded city in the condition of Texas, and the biggest city in the express that is not a region situate.
Arlington is home to The University of Texas at Arlington, a doctoral-giving exploration establishment, the Arlington Assembly plant utilized by General Motors, the Nuclear Regulatory Commission Region IV, Texas Health Resources, and American Mensa. Moreover, Arlington has the Texas Rangers’ Globe Life Park in Arlington, and the Dallas Cowboys at the AT&T Stadium, the International Bowling Campus (which houses the United States Bowling Congress, International Bowling Museum and the International Bowling Hall of Fame), and the amusement parks Six Flags Over Texas (the first Six Flags) and Hurricane Harbor.
Arlington fringes Kennedale, Grand Prairie, Mansfield and Fort Worth, and encompasses the littler groups of Dalworthington Gardens and Pantego. Call us today to discuss your Asset Based lending at Apple Capital Group at 866-611-7457.