Our Business
Business Funding Associates is a factor and asset based lender whose business involves the outright purchase of quality accounts receivable from small and medium sized companies. All accounts are on notification with payments directly to the company, or set up on Blocked accounts. UCC filings are perfected on all loans.
BFA offers businesses a reliable, high-quality alternative to commercial bank financing which, under normal circumstances, it would be difficult for many of them to obtain. Typically, commercial banks make loans and grant credit on the basis of the borrower’s creditworthiness and historical operating results. Most small companies and many larger ones do not qualify for regular commercial bank financing. (“Business Funding”), on the other hand, makes loans and grants credit on the basis of the collateral used to secure the financing.
Secured Financing: |
Creatively structured to accommodate small to mid-sized companies for factoring, asset based loans, restructuring, leveraged acquisitions, debtor in posession and turnarounds. |
| Financing Ranges: | $50,000- $5,000,000.00 |
| Industries: | Manufactures, wholesalers, distributors, service providers and most other companies who sell on open commercial accounts. |
| Clients Considered: | Companies needing immediate cash to turn around existing losses. Companies having an ability to grow that are highly leveraged or that have deficit net worth. |
| Geographic Boundaries: | United States and Canada |
| Funding Programs: | |
Revolvers Of: |
Up to 85% of eligible accounts receivable, 50% of liquidates value of inventory. |
Term Loans:* |
Machinery, equipment and select real estate. *Term and inventory loans based upon acceptable A/R relationship. |
Purchase
Order Financing & Credit Enhancement: |
Letters of credit, letters of guarantee |
| Rates and Fees: | Competitively based on transaction criteria. |
| Time to Find: | As quickly as 5 business days. |