Summit Financial Resources

PRODUCTS & SERVICES

PROGRAMS OFFERED

Working Capital Lines in the form of Asset-Based Lending, ABL Flex, Factoring and Inventory Financing

FINANCING NEEDS

Rapid sales growth, business acquisition, sales seasonality, refinance, business turnaround, debtor-in-possession, start-up or early stage companies

INDUSTRIES

Manufacturing, wholesale, staffing, transportation, distribution, service

FACILITY SIZE

$100,000 - $3,500,000

COLLATERAL

Accounts receivable, inventory

ADVANCE RATES

Up to 90% of eligible A/R, and up to 50% of eligible inventory

GEOGRAPHIC

Nationwide sales, underwriting, and funding capabilities

WORKING CAPITAL PRODUCTS

  Factoring ABL Flex ABL Inventory
Facility Limits $100M-$3.5MM $250M-$3.5MM $1MM-$3.5MM $500M
Advance Rates Up to 90% of eligible Up to 85% of eligible Up to 85% of eligible Up to 50% of eligible
Pricing Components Collateral Mgmt Fee + Interest Admin Fee + Interest Admin Fee + Interest Admin Fee + Interest
Notes Receivables Purchase Revolving Loan; Ledgered Collateral Borrowing Base Certificate Add-on Only to Core Product