Close
Asset-based Lending
Routing number: 221571473
Close
Personal
Digital Banking
Not enrolled? Sign up here.
Apply Online:
Personal Loan
Manage your products and services:
Business
Business Digital Banking
Not enrolled? Request more information.
Blocked? Contact us at 1-866-939-8039
Apply Online:
Manage your products and services:
Asset-Based Lending
Foster the financial growth of your business
If your organization has unique financial characteristics out of the reach of traditional lenders, this can be an alternative to consider. This provides immediate funding based on a percentage of your company’s assets.
All Asset-Based lending credit facilities are evaluated on a case-by-case basis. Terms and conditions may vary based on underwriting parameters and specific financing requests.
Benefits
Asset-based lending allows you to obtain more credit flexibility and benefits such as:
-
Interest payments only on borrowed funds
-
Accounts receivables, inventory, equipment, and company property guarantee the loan
-
A financial plan designed to target your needs through specialized monitoring of credit and collateral
Considerations
Consider an asset-based loan when:
-
Real estate collateral is not available
-
The company has a high-quality inventory and portfolio of accounts receivables
-
The company is a seasonal business
-
Entering a merge or corporate acquisitions
-
Restructuring a company
-
There are opportunities for growth
-
Company is in a specialized industry
Ready to open your account? Review the help guide
Make sure you have the following documents available before starting the process.
-
Business tax returns for the last 2 years or financial statements prepared by a CPA3
-
Interim financial statements (if the latest statement is more than 6 months old)
-
Personal financial statement that is recent, as of the date of origination
- Business background or plan
-
Corporate documents, as applicable, depending on the legal entity
- Corporate resolution
-
Other documents may be requested, as required
Additional requirements for loans under the SBA Express program
-
Projected income and expenses for 3 years (if the business has been established for less than 2 years)
- Personal financial statements or SBA Form 413 Personal Financial Statements
CONTACT US
¿Need more information?
Call us at: San Juan & Metro Area 787-729-8034
South Region 787-805-0150
-
Small Business Banking for credit facilities up to $1 million
-
Business Banking for credit facilities between $1 million and $10 million
-
Corporate Banking for credit facilities over $10 million
Subject to credit approval. Certain restrictions apply.