Asset Based Lending
Asset Based Lending (ABL) represents an affordable and efficient way for any business to borrow against its assets. We are specialists in many industries, in particular companies with a concentration in accounts receivable and inventory. In most cases we can provide you with a financing proposal within hours of our first meeting. We also have financing programs for machinery and/or real estate and even have dedicated lending products within our bank to insure we provide each potential borrower with the optimal financing solution. Hudson Valley Bank also offers state of the art cash management, lock box and treasury services so there is no need to look further. We can provide every service a growing business requires, and we are prepared to grow with you. Our loans start at $2,500,000 and can grow to $25,000,000 and beyond if supported by assets.
Our typical advance against qualified accounts receivable is 85%. Our typical advance against inventory, subject to an appraisal, is 60% or higher depending on results. Each potential borrower has a dedicated team that will work with you through loan application, due diligence, approval and closing to get your deal closed as quickly and as smoothly as possible. At HVB Capital you have direct access to key decision makers.
We listen to you, we learn your business and your industry, we tailor the loan to fit your business needs, and we make reporting easy with our direct borrower portal linked to our proprietary loan system. You can see your account daily if you choose to. Our management has decades of lending experience for you to tap into. Our pricing is competitive, our service and attention to you is unparalleled. Call us today at (212) 370-3500 to discuss your financing needs.