SMALL BUSINESS CAPITAL
Targeted for small and mid-size businesses expanding into their next phase of growth. Our asset-based lending offerings and working capital lines of credit provide the capital to help you meet your goals.
LINES OF CREDIT
Product Specifications
Rates
Loan Size
Term
Asset Collateral
Prepayment
Advance Rates
Covenants
Industries
Funding Speed
Recourse
Structure
INVOICE FACTORING
Product Specifications
Rates
Loan Size
Term
Asset Collateral
Prepayment
Advance Rates
Covenants
Industries
Funding Speed
Recourse
Structure
EQUIPMENT
FINANCING
Product Specifications
Rates
Loan Size
Term
Asset Collateral
Prepayment
Advance Rates
Covenants
Industries
Funding Speed
Recourse
Structure
A business line of credit allows for the flexibility that a normal term loan would not provide. A business can borrow up to a certain limit and only pay interest on the money that is borrowed. The credit limit is often based on a businesses' receivables, inventory and ability to service the debt payments.
$500,000-$15,000,000
1-3 years
Up to 70% of Accounts Receivable. Up to 50% of Inventory.
None
Accounts Receivable
Starting at 4.99%
Flexible
Service, Manufacturing & Distribution-based
4-8 weeks
Non-Recourse or Full
Product Details
For businesses facing cash short falls, they might consider invoice factoring as an alternative to free up their cash flow. Invoice factoring is the sale of invoices to a company in exchange for a lump sum of cash. Invoice factoring depends on the creditworthiness of your customers, rather than your personal credit, allowing you to immediately unlock working capital to help cover funding gaps for your business.
Product Details
Starting at 7.99%
Flexible
$200,000-$5,000,000
Non-recourse or Full
3-5 weeks
Service, Manufacturing & Distribution-Based Companies
None
Accounts Receivable
None
Up to 90% of Accounts Receivable
For businesses desirous of purchasing new equipment for expansion purposes or leveraging existing assets to alleviate cash flow constraints, they may consider equipment financing. PlattPointe consultants have the ability to advise you on which path may be best for you and your business. Visit the PlattPointe Equipment Lending Platform to see if you qualify for financing today:
Product Details
$100,000-$5,000,000
Flexible
Starting at 4.99%
Up to 85% of Equipment Appraised Value
None
Equipment
Flexible
Service, Manufacturing & Distribution-based
2-3 days (under $500,000), 2-4 weeks (over $500,000)
Full
Flexible
Traditional or Discount
Term or Lease