Every business has assets of real value. Accounts receivable, inventory, machinery, equipment, real estate, and other business assets can often be used as collateral for securing financing.
If you are in need of asset-based lending solutions, welcome to Citadel.
Citadel specializes in asset-based lending for small to midsize companies that require working capital financing to meet cash flow needs. From accounts receivable and inventory to machinery, equipment, and real estate, business assets can work in your favor to bridge financial hurdles and put your business back on track.
Asset Based Lending
What do you do when your Bank says NO? How do you overcome business challenges but continue to build your business through the tough times? We can secure financing by utilizing your business accounts receivable, equipment, inventory, and other collateral.
Citadel Lending Group will get you access to financing to help your business become bankable. Our investors are more concerned with the caliber of your receivables and the ability to repay your loan than the strength of your tax returns or financials.
Scenarios for Asset-Based Clients
- Seasonal highs and lows in revenue
- Acquiring another business
- Looking to refinance their existing lender
- Going through recapitalization or restructuring
Factoring
In factoring, the lender finances a stream of invoices on a monthly basis providing you with cash upfront instead of having to wait 30 to 60 days until customers pay you. Since the payment history of your customers is the primary lender concern, your company’s financial strength is of less concern.
This is a great alternative for new companies that don’t yet have a profitable history or the financial strength that banks require. If your business is having cash flow problems and having trouble paying the bills, invoice factoring may be the answer. Many businesses turn to factor companies as an alternate source of funding and here are five reasons why:
- Factoring invoices creates no debt
- You have the control
- Fast funding for small businesses (well, businesses of any size)
- Your credit history doesn’t matter
- Invoice factoring can save you money and time.
Purchase Order Financing
Unlike factoring which accelerates the cash from your invoices, PO funding or purchase order financing gives you the ability to have goods available for your clients from your sources before an invoice is generated.
If you are a product importer, jobber, reseller, or distributor, and need capital to deliver a large purchase order, then purchase order funding can be a solution to fuel your business, deliver your orders and grow your business.
What are the Benefits of Purchase Order Financing?
- PO Financing is not a loan
- PO Financing Pays Your Suppliers or gives them Payment or Vendor Guarantees
- PO Financing allows you to take on bigger orders