At Summit, we see cash as a workhorse — a hard-driving asset that gets the job done and then some. If your cash is falling short, we can help you work it harder.
Working Capital Financing
Working Capital is the day-to-day driver of your business. When you have enough cash on hand, you can hire more, produce more, take on more jobs, and pay less for supplies. Cash makes your company go, and we can get you more of it.
Summit’s Working Capital loans involve using your Accounts Receivable and other assets as collateral. We can mix and match products to suit your exact financing needs, from the following options:
What is Working Capital Financing or Working Capital Loans?
Working Capital is typically defined as the difference between current assets and liabilities. It is a measure of both the efficiency of a company and the company’s short-term financial health. Here at Summit Financial Resources, our Working Capital loans can help jump-start business growth and expansion.
Qualifying for Working Capital Finance Loans
Working Capital loans are also known as Working Capital Factoring or Financing, however, don’t let all the names confuse you. Working Capital Finance loans are a great way for a company that is searching for viable options to help fund increased workforce, asset expansion, and other things to help grow the company.
Apply for a Working Capital Loan Today!
Many banking institutions will require you to fill out difficult forms to get the funds you need. Summit Financial Resources team is adept at making the Working Capital Finance process as simple as possible so you can get the monetary solutions that will help grow your business. Apply online today >
- Credit lines ranging from $100,000 to $4,000,000
- Advance rates up to 90% of accounts receivable, 50% of inventory cost and 60% of equipment value
- Nationwide sales, underwriting and funding capabilities
Our clients often have the following financing needs:
- Growth, start-up/early stage, acquisition, refinance, seasonality, or turnaround
- Industries include manufacturing, distributing, service, staffing, and transportation – among others
|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|
Take a look at our offerings, and see how we can help. 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.