Asset-Based Lending Solutions
First Business Bank is a leading provider of Asset-Based Lending solutions to businesses with sales from $10,000,000 to $100,000,000+ and refinancing requests up to $18,000,000.
Helping You Meet Your Business Needs
Our Asset-Based Lending team has a reputation in the marketplace for being a consistent, responsive, and flexible problem solver, focusing our underwriting on the collateral provided and recent business performance. We need to understand the past, however, our financing is structured to recognize recent performance and meet future business requirements.
Experience. The Advantage.
As a bank-owned Asset-Based Lender, we provide traditional Asset-Based Lending underwriting fortitude, while positioned to deliver cost-effective financing solutions to companies in transition. This focus and commitment provides clients these benefits:
A Personal Approach
We take time to understand clients’ businesses and industries. This personalized approach to lending allows us to provide loan structures that are tailored to each client, which streamlines our credit approval process. You can count on us to propose what we can deliver and deliver what we propose.
Typical Advance Rates
- Up to 85% on Accounts Receivable
- Up to 60% on Inventory
- Up to 90% on the FLV of Equipment
- Up to 80% of the FMV of Real Estate
Pricing
- Competitive Interest Rates
- Reasonable Closing Fees
- Efficient Documentation
Industry Expertise
Our lending professionals have expertise in many different industries, which is shown by the diversity of our client base. First Business Bank has provided ABL financing for a variety of companies, including, but not limited to:
- Apparel - Manufacturing & Distribution
- Automotive & Truck Parts
- Building Materials - Supplies & Distribution
- Business Services
- Catalog & Mail Order
- Commercial Floor Coverings - Retail & Wholesale
- Concrete - Products & Contractors
- Consumer Products Distribution
- Dairy Products - Manufacturing & Wholesale Distribution
- Displays, Cabinets, & Fixtures Manufacturing
- Electrical Power Distribution Equipment Manufacturing
- Equipment Manufacturing & Parts Supply
- Fabricated Metal Products
- Fastener Distribution
- Food Products - Manufacturing & Distribution
- Foundries
- Furniture Manufacturing
- High Tech Manufacturing
- HVAC Equipment - Wholesale Distribution
- Lighting Fixtures - Importing, Distribution & Manufacturing
- Metal Plating & Stamping
- Metal Powder Coating
- Metals Service Center
- Packaging Materials Distribution & Fabrication
- Paper & Cardboard Products - Distribution & Conversion
- Petroleum/Lubricant Distribution
- Plastic Injection Molding
- Printing
- Rubber Fabrication
- School Supplies - Manufacturing & Wholesale Distribution
- Scrap Metals
- Specialty Yarn Manufacturing
- Telemarketing Services
- Temporary Staffing Agencies
- Trucking
Asset-Based Lending | Reference Guide
Client Profile
Manufacturers, Distributors, Wholesalers, Processors, and Business Service Companies with:
- Senior Debt Requirements of $2,000,000 to $18,000,000
- Sales of $10,000,000 to $100,000,000+
- Sufficient, Understandable, and Manageable Collateral
Financial Characteristics
- High Financial Leverage/Deficit Net Worth
- Inconsistent Earnings History
- Positive Recent Earning Trends
Reasons For Seeking Asset-Based Lending
- Turnaround Financing
- Current Lending Relationship Fatigued/Distressed
- Out of Court Debt Restructure
- Experiencing Rapid Growth
- Mergers and Acquisitions
Revolving Facilities
- Pricing - Competitive Interest Rates
- Advance Rate on Accounts Receivable - Up to 85%
- Advance Rate on Inventory - Up to 60%
- Term of Commitment - 2 to 4 Years
Equipment Loan Facilities
- Advance Rate up to 90% of appraised Forced Liquidation Value
- Amortization of up to 72 Months
- Term of Commitment - 2 to 4 years
Real Estate Facilities
- Advance Rate up to 80% of appraised Fair Market Value
- Up to a 20-year Amortization
- Term of Commitment - 2 to 4 Years
Pre-Proposal Information
- Current & Prior Year Comparable Interim Financial Statements
- Last Three Individual Monthly Financial Statements
- Prior Four Years of Fiscal Year-End Financial Statements
- Monthly Projections (Income Statement & Balance Sheet)
- Accounts Receivable & Payable Agings (same date as F/S)
- Inventory Reports Summarizing Composition & Locations
- Most Recent Borrowing Base Certificate from Current Lender
- Product Brochures; Business Plan; Industry Analysis
- Shareholder Composition; Management/Owner Bios
- Personal Financial Statements of Principal Shareholders
- M&E Appraisal (if applicable)
- Real Estate Appraisal & Phase One (if applicable)