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Our Objective:
Financial Stability for Your Business

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General Lending Parameters

General Parameters

  • First security interest in all assets of borrower
  • Personal guaranty of principal owner(s) > 20%
  • Notes payable to related parties to be subordinated to GLBC
  • Weekly borrowing base reporting
  • 12 month facilities, extended as needed; no early termination fees
  • Full dominion of funds, with lockbox
  • Quarterly field exams

Accounts Receivable

  • Advance rates up to 90% as determined by historical dilution
  • Up to 120 days from invoice date, domestic accounts receivable
  • Foreign accounts covered by acceptable credit insurance

Inventory

  • Advance rate up to 60% of raw materials, finished goods
  • Value based on the lower of cost or market
  • Ineligible inventory: Work in Progress; Supplies/Packaging; Stale; Items held at outside processors; Damaged Machinery and Equipment

Machinery and Equipment

  • Advance rate up to 70% of forced liquidation value as determined by a recent acceptable appraisal
  • Amortization up to 60 months
  • In conjunction with ABL working capital facilities only

Owner-occupied Real Estate

  • Advance rate up to 70% on appraised value as determined by acceptable appraisal or valuation
  • Amortization up to 300 months
  • In conjunction with ABL working capital facilities only

Debtor-in-Possession

  • Limited to companies in Chapter 11 Bankruptcy
  • GLBC must have priority over existing debt, equity and other claims

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Call one of our financing professionals today! 1-248-733-0300

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