Our Services

Asset Based Lending

PrinSource is the asset based lending source for companies that need additional credit availability. We can provide the necessary funding to allow companies to grow or turnaround.

Typical Size Of Loans: $350,000 - $2,000,000

Collateral Requirements:

  • Accounts Receivable up to 85%
  • Inventory up to 30%
  • Equipment up to 75% Of Orderly Liquidation Value

Key Criteria:

  • Current financial reporting
  • Satisfactory collateral records
  • Viable plan for addressing financial condition
  • Completed at least 12 months of sales activity

Pricing & Cost:

  • Competitive interest rate based on Prime Rate
  • Minimum interest based on specific usage


Flexible Structure: 12 month contract with no financial covenants

Guaranty: Required for privately held companies

Fund closing: 4 to 6 weeks from initial meeting date

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Invoice Based Finance

PrinSource Capital offers Accounts Receivable financing for companies that need additional credit availability. We can provide the necessary funding package to allow companies to grow or turnaround.

Typical Size of Package: $50,000 - $2,000,000

Collateral Required: Accounts Receivable up to 90% advance rate

Company Profile:

  • High growth companies
  • Start-up companies
  • Companies with losses, negative equity
  • Companies in need of Bridge financing
  • Companies with limited financial information
  • Short staffed

Pricing & Cost:

  • Competitive per day discount
  • Competitive prime plus structure

Flexible Structure:

  • No financial covenants
  • 6 to 12 month contract terms
  • No collateral audits

Fund Closing: Normally in one to two weeks

 

Guaranty: Required for privately held companies  


PrinSource   Toll Free (888) 757-7552    Minnesota (952) 545-1600   Wisconsin (262) 375-5900   E-mail info@prinSourcecap.com

Copyright © 2008 PrinSource Capital. All rights reserved.