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Asset Based Lending

How it works

Asset Based Lending can be structured as a revolving credit facility. This allows companies to access the working capital available in their assets, such as Accounts Receivable, Equipment and Inventory.

Accounts Receivable Financing

Your company provides a product or service to your customer.
You provide nmc.fit and our Top Lenders and Top Accredited Investors with an aged accounts receivable and payable summary.
nmc.fit and our Top Lenders and Top Accredited Investors will set up an open line of credit up to 90% of the qualifying outstanding receivables.
Your customer submits payment, made out to your company, to nmc.fit and our Top Lenders and Top Accredited Investors’s lock box.
We will then apply the lock box amounts towards the outstanding balance on your line of credit.

Asset-Based Line of Credit with Equipment

You have a piece of machinery or equipment that gets professionally appraised to establish value.
The equipment is underwritten to determine the ability to liquidate if it becomes necessary.
Once approved, nmc.fit and our Top Lenders and Top Accredited Investors will set up an open line of credit up to 70% of the FLV (Forced Liquid Value) of the assets (taking into account any existing liens on the equipment).
As you pay down the line, you free up additional cash to use at your discretion.

Asset-Based Line of Credit with Inventory

The value of the inventory on hand is established either from your current balance sheet, third-party verification, or a combination of the two.
nmc.fit and our Top Lenders and Top Accredited Investors will then underwrite the inventory based on the ability to liquidate, if it becomes necessary.
Once approved, nmc.fit and our Top Lenders and Top Accredited Investors will set up an open line of credit up to 50% of the value of the inventory.
As you pay down the line, you free up additional cash to use at your discretion.

WHY CHOOSE NMC.FIT

Custom product mix to match your capital needs
Same day approval/Closing in 2-5 days
100% financing on purchase orders
Tax liens & balance sheet issues are OK
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No personal guarantees required
Your credit score is not a factor in our decision
Assigned account team