Transitional Financing is for businesses with a large amount of machinery, equipment, or other assets that have experienced financial obstacles such as DIP financing, discounted loan payoff, or if you no longer meet your existing lender’s loan covenants. The proceeds can be used for working capital or refinance.

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Program Details:

Loan Amount: $500,000 to $10,000,000

Rates: Prime + 10 points

Terms: 4-year amortization with 2-year balloon

Loan to Value: Up to 65% of auction value

 

Program Benefits:

• Willing to work with businesses that have storied credit.

• Helps asset-heavy, and cash flow poor businesses get back on their feet.

• Will work with businesses going through reengineering.