Action Capital Asset Based Lending

Ledgered Lines of Credit based on accounts receivable up to $7,000,000. The ledgered line is designed for clients that expect to maintain excess borrowing availability. Clients submit invoices to Action as they are billed, and Action sends a daily borrowing base to the client listing the total accounts receivable balance and the net availability for borrowing. The client can then borrow through submission of a funding request at its discretion. As in the Commercial Financing line, Action will commit capital up to 90% of the value of our clients' qualified trade receivables and can provide additional tools such as a supplier payment facility. Customer payments are routed through the Action lockbox, and cash receipts are processed and posted by the Action operations team.  Receipts automatically pay down the line of credit, and the reserves on each invoice are also applied to the line. Other notable ledgered line terms include: No standard origination, termination or treasury fees, No standard minimum use requirement, Same day credit for receipt of funds (i.e. no float days), Interest billed monthly in arrears, Interest charged on average net amount borrowed, Web based reporting, Additional reporting tools for high balance lines, Supplier Payment Agreements, Financial Support Letters.