Do you have equity in assets such as inventory, machinery, plants or real estate? Then you may be eligible for an asset-based loan from Heritage Bank that enables you to use your equity as collateral for loan advances. We’ll work closely with you to customize a financing package to meet your specific needs.
Secured
by inventory, accounts receivable, equipment or real estateMonies advanced as percentage of asset owned. 70% on accounts receivable and
50% on inventory are commonFinancial statement requirements include past 3 years business financial statements
as well as current interim statementAsset quality may require audit of accounts receivable and inventory as well
as independent appraisal of equipment or real estateCompetitive
interest ratesManage
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Doniphan