Ledgered Line of Credit
An Ideal Line to Cover Payroll and Other Operational Expenses
We are currently offering a ledgered line of credit to companies based in the United States.
No Restrictive Covenants
A ledgered line can be an ideal solution for companies that are exploring a traditional line of credit or currently have a bank line but wish to avoid strict requirements while still enjoying competitive pricing and flexibility.
Unlike a traditional line of credit, there are no constant audits required, nor are there covenants regarding ratios, concentration, and other factors.
The process is straightforward: the company submits invoices, which create a pool or borrowing base. The company can then draw funds ranging from 80% to 95%, depending on the overall merits of the transaction. Clients have the option to draw funds daily, weekly, bi-weekly, or monthly.
Advantages
- No audit requirements
- No restrictive financial requirements
- No restrictive covenants
- No financial ratio requirements
- No concentration restrictions
- No long application to the funding process
- Plus other benefits
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