Bank of Amercia
asset-based loans provide borrowers with enhanced operational flexibility through all phases of the business cycle. And with the ubiquity of computers, reporting for asset-based loans is more efficient and less labor intensive than ever before.
Asset-based lenders have the benefit of liquid assets to protect their loan, thus these loans place less reliance on the borrower's operating performance, reflected by the number of covenant requirements attached to the loan. By contrast, cash flow loans typically come with stringent—sometimes highly restrictive—financial covenants, such as a leverage ratio maximum, fixed charge coverage, interest coverage and minimum EBITDA that can put significant stress on a company's ability to operate freely, especially during an economic downturn.

Wachovia
Asset based lending makes it possible for companies to maximize borrowing capacity with senior secured loans backed by collateral. In response to the growth of asset based lending during the last decade, Wachovia has built a network of full service offices staffed by teams of professionals to provide asset based loans and creative financial solutions throughout the nation.

With over 50 years in the asset based lending business, we bring a relationship-oriented approach to addressing your borrowing needs quickly and professionally. Specializing in lines of credit from $5 million to over $1 billion, Wachovia Capital Finance offers a number of financial alternatives including:

A/R securitizations
Buyouts under 363 sales
Comprehensive debt restructuring
Consolidations/roll ups
Debtor-in-possession and confirmation financing
Dividend recaps
Financial and strategic acquisitions, leveraged buyouts (LBOs), and management buyouts (MBOs)
Privatization
Refinancing of cash flow loans
Seasonal or cyclical needs
Special situations not suited to a traditional banking approach
Turnaround programs
We can couple asset based lending with other Wachovia products and services to create a customized and comprehensive financial solution for your business.

Wells Fargo
Companies unable to obtain, or restricted by, traditional bank financing may find greater credit availability and flexibility in an asset-based lending solution.
Asset-based facilities consist of revolving lines of credit and term loans secured by accounts receivable, inventory, machinery and equipment, real estate and certain other assets. Our lending professionals develop successful relationships by providing customized solutions under a variety of lending structures that reflect an understanding of each client's industry and needs.
Through our diversity and innovation, we help clients address such business challenges as:
Rapid Growth
Turnaround
Recapitalization
Seasonal Sales
Short Operating History
Acquisition and Merger
Shareholder Buyout
Chapter 11 Bankruptcy (Debtor-in-Possession)