Magnolia's Asset-Based Lending (ABL) program is a revolving line of credit that allows you to borrow money based on the total value of Accounts Receivable and inventory. You can use your line of credit when you need it, rather than on an invoice-by-invoice basis. With an Asset-Based Line of Credit from Magnolia Financial, your ability to borrow grows as you grow, with no long term contracts, early termination fees or unused line fees, giving your business the flexibility it needs to reach its goals.
Magnolia Financial also offers customized Asset-based lines of credit. Instead of factoring or buying your invoices, Magnolia uses a borrowing base to give you a revolving line of credit primarily determined by the bulk availability of your invoices and inventory. As your customers make payments payable to you via our secure lockbox, the payments are immediately applied to your account at Magnolia to reduce your credit line.
Apply now for the solution that fits your needs, or contact us to speak with someone directly.