Take advantage of opportunities, cover a cash-flow shortage, stock up on inventory and more.Explore Solutions
Access working capital while keeping interest charges in checkOne challenge for successful companies is that rapid growth outpaces their ability to internally support ongoing cash needs. A First American Asset-Based Loan may provide the ideal solution. Even if you lack fixed assets, you can offer accounts receivable and inventory as collateral. The upshot is you gain access to a credit line that serves as an exceptional cash management tool. Here's how it works:
- A revolving line of credit is extended to you by First American Bank.
- First American uses these funds to pay down the loan, which minimizes your interest expense and helps you to more efficiently manage your finances.
- As you need funds to pay bills, purchase inventory, etc., you continue to draw on your credit line.
- Through our monitoring of your account, we can provide detailed reports tracking trends in sales, collections and accounts receivable turnover.
Have been banking here for years. There is not a better bank anywhere around. They are lucky to have the staff they have because they are excellent.Share Your Story
Great employees throughout your whole network.Share Your Story