Asset Based Revolving Lines of Credit
Improve liquidity, enhance cash flow, and enjoy more financial flexibility with a revolving line of credit based on your assets.
An asset-based revolving line of credit from Opus Bank can provide you with the working capital you need, when you need it, and compensate for interruptions in your cash flow. To continue growing, businesses of all types, especially those which are expanding rapidly, may need injections of working capital from time to time. Opus Bank’s asset-based line of credit can provide you with access to funds based on the valuations of your accounts receivable, inventory, and/or equipment. Our seasoned team of Healthcare Bankers can show you how to convert your assets into usable funds with a line of credit, so you have a source of cash when you need it. Use your line of credit to pay employees, cover routine operational expenses, or purchase inventory or equipment. Interest is only charged on the funds that you draw from your line of credit and you remain in control of the assets that you use to secure the line.
More About Our Asset-Based Revolving Lines of Credit:
- Advances, up to the approved amount, can be taken at any time during the term of your revolving line of credit.
- Interest is charged only on the portion of your line of credit that your business is using.
- Credit lines have a competitive variable interest rate.