You may have collateral and not even realize it...
When looking for a source of capital, there are several factors your lender may take into consideration. For instance, traditional lenders will first look at your company’s credit history, balance sheet strength, and years in business when underwriting a loan. This way of thinking leads to many businesses being turned down and not receiving the funding they need.
SouthStar Capital takes a non-traditional approach and uses your business’s assets, or collateral, to make our funding decision. In-turn we are able advance your business capital by using your collateral as leverage.
Any outstanding invoices or money owed to your company by your customer.
Equipment your company owns, such as machinery, trucks, and specialty equipment.
This includes both Work In Progress (WIP) and Finished Goods, each evaluated differently.
An order you obtained from a quality company that has agreed to accept your product or service.
Property consisting of land or buildings that is owned by you or your company.
Refers to creations of the mind and includes such things as patents, formulas, and inventions.
This includes both traded and privately held stock, each being evaluated differently.
Letters of Credit
A letter issued by a bank guaranteeing that your customer is able to pay for your goods or services.
Certificates of Deposit
A savings certificate issued to you, by the bank, with a fixed interest rate and maturity date.
Both powered and non-powered wheeled vehicles used by your business on the railway or roadway.