ASSET BASED BUSINESS LOAN PROGRAM

Eligible Industries Manufacturing, Wholesale, Distribution, Graphic arts, Transportation, Fabrication, and Service sectors.
Structure Revolving: Up to 85% of eligible Accounts Receivable Up to 50% of eligilble Inventories Amortizing: Machinery and equipment can be offered in conjunction with revolving lines of credit or as stand-alone facilities. Advanced rates of up to 80% of the appraised auction value with repayment term of up to five to seven years.
Interest Rate Tied to spreads over the ten-year Treasury.
Loan Amount Minimum $500,000
Loan Term Up to 20 years
Fees Dependant on loan size.
Recourses Yes.
Rate Lock At Closing
Debt Coverage Ratio 1.25x
Prepayment Negotiable
Loan to Value Up to 90%.
Third Party Reports Requires appraisal, structural engineering, and environmental reports.
Process The Monomoy Group and/or its affiliate is a collateral lender and as such does not focus solely on balance sheet, operating ratios or financial covenants. BLC does not require that current operation be profitable. However, the collateral base must be sufficient to support the turnaround plan, refinance any senior debt, meet vendor obligations and debt service requirements.

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