Asset Based Loans
$500,000 – $15,000,000+
Equipment “Bridge / Hard Money” Loans … used primarily by prospects with ‘heavy equipment’ as collateral (manufacturing, construction, fabrication, oil & gas and energy services) to acquire additional working capital for various corporate needs.
Terms are usually 36 – 48 months with a 75% advance against Auction Value of the equipment via a current third party appraisal. ‘Pre-payment’ is generally expected here with a company utilizing their bank or other funding groups for such.
For a Texas highway construction company which required the $655,000
of working capital secured to complete current projects while refurbishing
older fleet units.
For a plastic parts manufacturing company in the Southeast. Firm had lost two major clients and remained past due with many vendors.
Working capital of $475,000 provided a “safety net” until several new customers were secured.
Mergers / Acquisitions … a buying group, senior management personnel of a company or a business competitor simply needs the “right” capital source, lender and organization to culminate a transaction.
Many customers have utilized “Linkcrest” via merger or acquisition related opportunities because of our ability to secure the “Equipment financing portion” of a request. We also coordinate efforts with Working Capital and Real Estate lenders if needed and required.
For an established energy services company (Three divisions .. Site preparation, Equipment rental and Well testing) which enabled the present management team to acquire the company utilizing an equity sponsor group and senior debt financing secured by equipment.
Purchase of a regional competitor by a building materials company. Three funding sources (ABL group, Equipment and Real Estate) were required for completion of this loan as no one financing entity or bank would consider the entire request.
Accounts Receivable / Inventory … companies with rapidly increasing revenue, customer ‘concentration’ issues, leverage ratio simply too high, inconsistent profits or general inventory ‘concerns’ via a present lending relationship seek solutions from Linkcrest Capital.
Utilized by a steel services and distribution company for repayment of outstanding bank debt. $545,000 of additional ‘availability secured via increased advance rates on the A/R and Inventory.
Company had net income in only one of the past three years.
For an oil field supply company which required an increased Line of Credit to support customer expansion. Local bank had declined because of “excessive” inventory levels, minimal income for the past two years and only ‘fair’ personal credit bureau of the owner.