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Asset Based Funding
This financing is secured by a client's entire asset base - receivables, inventory, machinery and equipment.
Sometimes, real estate is included.
The amount of available funds is determined by the value of each group of assets. Monetrex undertakes this
analysis in conjunction with outside
appraisers.
The cost for this financing is determined by the value and type of collateral offered as security,
the client's industry, and the cost of funds
to Monetrex.
Other Benefits from Asset Based Financing
Short Time to Close - Monetrex usually can close a transaction within 2 to 4 weeks
from receipt of its Preliminary
Application (see "Apply
Here" on this web site's navigation bar) and after completion of the collateral appraisals.
High Advance Formula - Monetrex funds 80% to 95% of each receivable invoice. The advance rate
is set at the time the first funds are advanced. The advance rate for other assets is competitive.
Limited Personal Guarantee - Monetrex does not require a full personal guaranty (except for
fraud and misrepresentations) for that portion of the funds allocated to the receivables. Instead, Monetrex looks
to the credit strength of the client's customers for assuring collection of the invoices
Flexibility - Monetrex is not locked into procedures by a Board of Directors or banking
regulations. You deal with an experienced staff that is trained to make fast decisions if our clients need
an understanding approach.
No Financial Pre-Conditions - The condition of your business and level of ownership capital
are secondary concerns. There are no financial covenants to satisfy on a regular basis.
No Lock In Period - Monetrex does not require a minimum period for a client to continue its
financing. The client can cancel at any time.
Please see
Frequently Asked Questions for more information
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Factoring
Asset Based Lending
Equipment Sale-Leaseback
Purchase Order Funding
Frequently Asked Questions
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