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  • Crestmark - Reference Sheet

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    Darnell
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    This document summarizes various asset-based lending and financing options provided by Crestmark, including: 1) Accounts receivable financing that provides advances of 75-90% of eligible accounts receivable. Advance rates are determined by dilution rates. 2) Equipment financing including traditional term loans, SBA loans, and no money down options. Financing is based on forced liquidation values and collateral. 3) Inventory financing with advance rates of 50-60% of eligible inventory, varying by type, tracking systems, and appraisals. Maximum advance rates are 85-90% of appraised liquidation value. 4) Equipment leasing programs including 100% financing and bundled options from multiple manufacturers

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    Asset-Based Lending

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    This document summarizes various asset-based lending and financing options provided by Crestmark, including: 1) Accounts receivable financing that provides advances of 75-90% of eligible accounts receivable. Advance rates are determined by dilution rates. 2) Equipment financing including traditional term loans, SBA loans, and no money down options. Financing is based on forced liquidation values and collateral. 3) Inventory financing with advance rates of 50-60% of eligible inventory, varying by type, tracking systems, and appraisals. Maximum advance rates are 85-90% of appraised liquidation value. 4) Equipment leasing programs including 100% financing and bundled options from multiple manufacturers

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    28 views1 page

    Crestmark - Reference Sheet

    Uploaded by

    Darnell
    This document summarizes various asset-based lending and financing options provided by Crestmark, including: 1) Accounts receivable financing that provides advances of 75-90% of eligible accounts receivable. Advance rates are determined by dilution rates. 2) Equipment financing including traditional term loans, SBA loans, and no money down options. Financing is based on forced liquidation values and collateral. 3) Inventory financing with advance rates of 50-60% of eligible inventory, varying by type, tracking systems, and appraisals. Maximum advance rates are 85-90% of appraised liquidation value. 4) Equipment leasing programs including 100% financing and bundled options from multiple manufacturers

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    Asset-Based Lending,

    Lending and
    Equipment
    Factoring
    Financing, Factoring REFE
    QRURA
    IC KL R
    QEUFIC
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    SEHN
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    ACCOUNTS RECEIVABLE MACHINERY / EQUIPMENT FINANCING TRADE SERVICES / TRADITIONAL FACTORING


    Typical Advance Rates of 75% - 90% of Eligible Accounts Receivable • Traditional term loans secured by equipment Transaction size by volume: Start-ups to $100 million
    Advance Rate Determined by Dilution Products: • Domestic Factoring
    (100% ­- (2x Dilution %+ 5%)) • SBA (7a) loans
    • Export / Import Factoring
    • Up to 10 year amortization • Non-recourse / off-balance sheet
    Dilution = (Invoices Generated – Cash Actually Collected) / Gross Sales
    • Not to exceed 100% FLV (forced liquidation value)
    Typical Components of Dilution: Services: • Customer investigation and approval
    • No money-down equipment financing • Credit protection against bad debts
    • Bad Debt Write-Offs
    • Individual pieces of equipment to entire plants • Accounts receivable bookkeeping
    • Returns
    • Web-based reporting
    • Discounts • Full (100%) reliance on collateral • Customer collections and cash management
    • Allowances • Based primarily on appraised value of equipment
    • Experienced Industry Experts Crestmark provides innovative financial solutions to
    INVENTORY
    • Financing solutions tailored to fit a company’s unique needs businesses in diverse industries nationwide. We build
    Typical Advance Rates of 50% - 60% of eligible inventory strong relationships, and work with a vast network
    Most types of machinery/equipment including:
    Advance Rates vary widely and are determined by: of bankers, accountants, lawyers, and consultants in
    • Type of Goods (Commodity, Custom, Fashion, etc.) • Manufacturing • Advanced IT / computer a complementary and non-competitive manner to
    • Systems to Monitor, Track and Control Inventory • Distribution • Medical create win-win situations for both businesses and their
    • Food processing • Yellow iron, and many more
    • Orderly Liquidation Value Appraisal professional service advisors.
    Maximum Advance Rate Typically Set at 85% - 90% of Net GOB Appraisal
    (10% -15% Cushion for Net GOB to Effective Advance Rates) EQUIPMENT LEASING LET OUR INNOVATIVE SOLUTIONS WORK FOR YOU
    Basic Apparel or Commodity Inventory may warrant a higher
    • 100% financing for equipment, training, maintenance, installation,
    Advance Rate
    software and qualified soft costs
    Fashion Apparel, Jewelry, Wholesale Inventory normally receive a lower
    Advance Rate • Ability to bundle multiple equipment types from different manufacturers
    into one fixed lease payment
    • Leasing programs: Fair Market Value (FMV), $1 Buyout, leaselines

    FINANCIAL
    • 24/7 secure asset management portal

    Facility Size up to $7.5 MM, recognizing that if Crestmark • Funding range: $5,000 to $20 million (larger amounts possible)
    is presented with the appropriate situation, we can seek a participant • Most types of equipment including: 5480 Corporate Drive, Suite 350
    and lead transactions larger than $7.5 MM Troy, MI 48098
    • IT/Technology/Servers/Hardware • Security/Life Safety Systems
    Loans can be underwritten with less than 1.0x coverage • Healthcare/Medical Equipment • Construction Equipment 888.999.6088
    if adequate liquidity exists [at Close and During First 12 months] • Telecommunications Systems • Office Furniture www.crestmark.com
    • Most commercial equipment types

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