We See Possibility.
We See Possibility.
Summit sees your growth strategy, made real. We share your vision for creating the concrete from the ideal. If you can hope it, we can help you make it.
Our Accounts Receivable Business Financing product uses your receivables as collateral, gives you up to 90% advance rates, and has slightly higher reporting requirements.
Summit’s Asset-Based Business Loans offer up to 85% advance rates, and have lower reporting requirements.
When used in combination with an ABL or Invoice Factoring loan, Inventory Business Financing can significantly expand your cash flow.
Summit can often provide business financing by loaning against equipment as part of an ABL or Invoice Factoring loan, adding even more capital to your line of credit.
For loans up to $500,000, Summit can finance a small business loan in 72 hours — for quicker access to your funds.
Our catalyst product helps you stretch — to get you there when other lenders can’t even come close.
Take a look at our offerings, and find your sweet spot. We offer loans from the low 6 figures to 7 figures, plus. From higher reporting to lower risk, and borrowing base to invoice purchase, somewhere on that chart is a loan for your company.
|Invoice Factoring||Asset-Based Loans (ABL)||Inventory Financing||Equipment Term Loan||Small Business Loan||Stretch Financing|
|Description||Receivables Purchase||Borrowing Base Certificate||Add-on only||Add-on only||Revolving Loan, |
|Structured Stretch Piece for |
Growth; Add-on only
|Facility Limits||$100M - $4MM||$1M - $4MM||Up To $1MM||Up To $1MM||$200M||<$250M|
|Risk Profile||Higher, with Underwritten |
Collateral & Controls
|Lower, Strong Reporting |
|Higher with Underwritten Exit||Higher, Short-term with |
|Higher, less restrictive with |
standardized pricing and controls
|Higher, Short-term with |
|Pricing Components||Collateral Mgmt/Admin |
Fee + Interest
|Interest + Various Fees||Interest + Admin Fee||Interest + Admin Fee||Admin Fee + Interest / |
Collateral Management Fee
|Flat, Monthly Discount Fee|
|Advance Rates||Up to 90% of A/R||Up to 85% of A/R||Up to 50% of Inventory Cost||Up to 60% of NOLV or 40% |
of Book Value
|Up To 100% of A/R||n/a|