First Community Financial provides revolving lines of credit secured by accounts receivable and inventory. Based on a weekly borrowing base certificate, we can respond to our customer’s financing needs promptly. Our typical customer is experiencing a transition in their business. Common transitions include rapid growth, sales concentrations, seasonal sales spikes, acquisitions, recapitalizations and turnarounds. These transitional financing opportunities are often outside a traditional bank’s credit criteria. We understand these transitions and can provide the expertise necessary during these periods.
Characteristics of typical Revolving Line of Credit borrowers include:
- Financing needs from $250,000 to $10,000,000
- Quality accounts receivable
- Strong management/ownership
- Adequate accounting controls and procedures