CSI Financial
CSI Financial
CSI FINANCIAL provides working capital to businesses. CSI offers Asset-Based Lending and Factoring from $50,000 to $1 million. CSI's products enable fast-growing, transitional or restructuring businesses to obtain the working capital they need to grow by borrowing against their receivables and other eligible collateral. CSI combines large-company experience with entrepreneurial agility to deliver financial solutions that address its clients' short-term financial needs and long-term business goals.
Asset-Based Lending (ABL) is any kind of lending secured by an asset. Typically, these loans are short-term and tied to accounts receivable, inventory, equipment and potentially owner occupied real estate.
This type of lending is usually done when the normal routes of raising funds, such as secured bank lending is not possible. It is usually accompanied by higher interest rates.
An asset-based business line of credit is usually designed for the same purpose as a normal business line of credit - to allow the company to bridge itself between the timing of cash flows of payments it receives and expenses. The primary timing issue involves accounts receivable - the delay between selling something to a customer and receiving payment for it.
An asset-based line of credit will generally have a revolving credit limit that fluctuates based on the actual accounts receivable balance that the company has on an ongoing basis. This requires the lender to monitor and audit the company to evaluate the accounts receivable size, but also allows for larger limit lines of credit, and can allow companies to borrow that normally would not be able to.
For more information contact CSI at info@csi-financial.com
