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(212) 277-7683

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Premier Lines of Credit

Your Source for Commercial Credit

Give your sluggish business a jump-start with commercial credit options from LuxeMark Capital, LLC. Our New York-based firm has the capital at the ready to extend for revolving credit and assist with connecting you to source for private placements. Contact us if you have any questions.

Business Credit

Our collateral-oriented revolving credit facilities and term loans are available for manufacturers, distributors, wholesalers and service companies. The typical transaction size is $500,000 to $30 million.

A line of credit is a financing solution that allows a company to draw up to a predetermined amount of money. To get funds, you simply request a draw from a line. You can request draws and make payments as outlined by the terms of the agreement when setting up the premier line of credit. The funds can be used for a variety of reasons and uses based on your current needs for your business.

Lines of credit have some distinct advantages, including:

1.    They can improve your cash flow quickly
2.    They can be flexible as long as you don’t reach the limit
3.    They can be used to pay for important and emergency expenses
4.    They are cheaper than most alternative solutions

Asset-Based Lending

Probably the foremost loan structure in America, an asset-based loan consists of components for receivable financing, equipment financing, inventory financing, and CapX™, a facility allowing the borrowing company to buy new equipment beyond that which is currently on the facility and in use. An asset-based loan is generally priced low because it is offered only to high-quality companies with a responsible base of business. These types of loans are what we strive to achieve for higher-quality companies, with rates ranging from LIBOR plus to prime plus 2%. On occasion, we can negotiate a validity guarantee, as well. A typical proposal would read as follows:

A business receives an $8-million-dollar revolving line of credit secured by the accounts receivable with an advance rate of 85%. A $2-million-dollar line of credit is secured by the current equipment based upon the supporting appraisal and a loan against the orderly liquidation value of no more than 60%. The inventory is valued at 75% of cost and a CapX facility of $1 million dollars is included with the personal guarantee of the principals being required unless a real public company.

Man Checking Finances