ASSET BASED LENDING IN ACTION
Asset Based Lending Testimonials from Our Clients
“I own a small printing company and with the economy the way it’s been, times have been tough. I was having an awful time making payroll and was sure that I was going to have to cut staff soon. When I met with my SouthStar Account Executive, I really didn’t think he could help me. My credit was not what it used to be, and I was having trouble obtaining the capital I needed from my local banks. I just assumed they would come here to tell me no, and my search for financing would continue. As the Account Executive was talking to me about my business, he suddenly stopped and asked me about my printing press on the production floor. As it turns out, SouthStar was able to set up a line of credit against my printing press and gave me the capital I needed to meet payroll and weather this storm. I’m so grateful!”
– Carol, Owner of a Local Printing Company
“I have been approached by several asset-based lending companies about doing business with them. I needed to fix my cash flow problem, but I was skeptical at first. As they explained to me how an asset-based line of credit works, they showed me how I can manage my money real time. I was hooked! I have the cash I need and the control I require. Thanks for listening to me and understanding my individual needs!” – Ron, President and CEO of an Engineering Firm
“We approached SouthStar because our accountant highly recommended them, but we expected a turn down as we were behind with the IRS. To our surprise, SouthStar assisted in structuring a payment plan with the IRS and offered us a Receivables Line!” – Richard, Owner of an IT Staffing Company
“I really feel sorry for my SouthStar Account Executive! My situation was so complicated, involving my inventory, receivables and 6 pieces of machinery in different states. I was trying to open up a new production facility and had been turned down by the bank and even tried finding an investment partner. My SouthStar Account Executive was so patient with me and took the time to put together a plan. I am so busy and often unavailable, so I was constantly amazed at how she always followed up with me. It ended up taking a few weeks to get done, but in the end I have an affordable line of credit and my new facility is being built as I speak. I can honestly say that Jessica and SouthStar surpassed all my expectations of what a finance company can and should be. I highly recommend SouthStar to anyone in need of cash.”
– Kathleen, Owner of a Textile Manufacturer
Asset Based Lending allows you to borrow a percentage of your receivables, equipment, and inventory. All or one of these assets may be utilized in an Asset Based Line of Credit.
Learn how Asset Based Lending works, what it is, and the advantage of working with SouthStar Capital.
When considering if Asset Based Lending is the right solution for obtaining working capital for your business, ask yourself the following questions.
Find out the key differences that set Asset Based Lending apart from Bank Financing.