Working Capital Loans
Types of Loan:
Accounts Receivable, Inventory, Equipment and Select Account Financing
Loan Size:
$50,000.00 to $5,000,000.00
Types of Industries:
Manufacturers, distributors and service companies
Customer Profile:
As an asset based lender, our underwriter will consider young growing companies, turnaround situations, and start-ups. The amount of money available for a company to borrow depends on their sales, not their net worth.
Interest Rate:
Rates start as low as Prime + 2 with a low monthly administration fee. Rates for select account financing start as low as 1.8% per month. Rates on both plans are calculated on the average daily loan balance.
Speed and Flexibility:
We can pre-qualify your referral within 24 hours and our underwriter will provide the initial funding within 5 – 10 days. Advances are provided on invoices delivered to them.
Lending Philosophy:
Haskin Capital Group has over twenty years experience, and our primary loan considerations are management capability, capacity to produce, and growth potential.
Additional Services:
We provide accounting services including weekly A/R agings, daily sales and cash receipts journals and a full credit management program designed for new and existing customers.