For companies that have a large amount of capital tied up in accounts receivable, inventory, and equipment, an asset-based line of credit may help you alleviate short- and long-term cash flow needs. With an asset-based line of credit, you can borrow up to an amount set by a borrowing base certificate, which you will have to complete on a periodic basis.
You can generally borrow up to 80% of the accounts receivable, inventory, and/or equipment on your borrowing base certificate. Our experienced bankers and support staff can help you through every step of the set-up process. Stay on track to meet your cash flow needs with a Sunwest Bank Asset-Based Line of Credit.