CBC Asset Based Lending (ABL) works with privately held, private equity and venture backed mid-market companies to finance working capital, acquisitions/mergers, turnarounds or restructurings, growth financing, debtor-in-possession financing and inconsistent earnings histories.

  • Typical loan commitments range from $2 million to $30 million and include asset-based lines, recurring revenue lines and non-formula lines of credit. These can be combined with cash flow term loans or can be independent
  • Structures may include stand alone or first-out revolvers, split-lien asset-based revolvers, unitranche structures, or covenant-lite structures. Revolvers may also be accompanied by mezzanine and second lien term loans through non-bank third-party sources
  • We offer a full suite of treasury management services with a robust online platform for cash management needs 

Our geographic focus is national, and we work with businesses in a wide variety of industries

 

We have a broad ABL offering, divided into two groups.

Here’s the difference:

For Further Information or Discussion,
Please Contact:

Kevin Knox
Executive Vice President and Group Manager 
Business Credit
408.380.8644
kknox@bankcbc.com

Derek Rosenstrauch
Executive Vice President and Group Manager
Asset Based Lending
510.457.3745
drosenstrauch@bankcbc.com

Amy Efland
Senior Vice President, Business Development Officer
Specialty Banking
408.380.8642
aefland@bankcbc.com

  • Reporting
    • Borrower’s management team is a critical factor in ABL. Focus will be placed on the company’s history and management’s experience and management style
    • Private equity firms (funded and fund less), parent holding companies, and individuals invest in companies that are involved in ABL transactions, acting as the companies’ financial sponsors
    • CPA prepared Reviewed Statements will generally be required for loan commitments above $5MM
    • Well defined projections
  • Monitoring
    • Monthly BBC and monthly financial statement reporting
    • Monthly or quarterly covenant testing
  • Documentation
    • Outside counsel with significant legal customization
    • Maturity is generally 1-3 years

 

  • Reporting
    • Collateral value is emphasized
    • Privately owned or smaller number of shareholders
    • CPA statements not required
    • Projections generally not required
  • Monitoring
    • Monthly, weekly or Daily BBC
    • Streamlined or Detail AR collateral Tracking
    • May include BCD direct cash application
  • Documentation
    • Standard Business Credit Loan Document with little negotiation
    • Demand notes, generally set to one year contract
    • May include early termination fees, minimum usage fees, over advance and over line charges, and other transactional fees

 

 

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