The Money You Need, When You Need It
Distributors often find themselves in a tough situation. You may be waiting for payment from a customer while being asked to quickly pay a supplier. Having cash available in these situations allows distribution companies like you to successfully meet client and supplier expectations, stay competitive and get new business rather than turning it away.
Live Oak Bank offers financial solutions for small to mid-sized distribution companies nationwide who need working capital to successfully operate during unpredictable times or rapid growth. Pay your employees, address seasonal variations and take on new business with asset-based lending solutions from Live Oak Bank.
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Contact an asset-based lending specialist, they’re ready to help.
Lines of Credit
Distributors can benefit from a line of credit to pay expenses, buy inventory, and ultimately, have better cash flow each month. A line of credit allows your distribution business to have flexible access to money when needed rather than selling accounts receivable like with a factoring arrangement.
It’s not easy to manage cash flow when you’re waiting on repayment of invoices from your clients. You still have to pay your employees, suppliers and manufacturers. By factoring your invoices, you can get the money you need right away. Live Oak Bank offers accounts receivable factoring, whether recourse or non-recourse, that enables your distribution company to achieve better priced financing than typically offered by traditional factors.
About Live Oak’s Asset-Based Lending Solutions:
- Designed for companies with $2MM to $25MM in sales
- On average, 90% advance for your invoices, between $250k and $5MM
- Continuous funding, whether factoring or line of credit
- Funding available 24-hous a day
Wondering which of these two asset-based lending approaches best fit your business needs?
Discover the Difference