Asset-Based Lending 


Magnolia's Asset-Based Lending (ABL) program is a revolving line of credit that allows you to borrow money based on the total value of Accounts Receivable and inventory. You can use your line of credit when you need it, rather than on an invoice-by-invoice basis. With an Asset-Based Line of Credit from Magnolia Financial, your ability to borrow grows as you grow, with no long term contracts, early termination fees or unused line fees, giving your business the flexibility it needs to reach its goals.
 

How does it work?

Magnolia Financial offers Asset-based lines of credit up to $2 million. Instead of factoring or buying your invoices, Magnolia uses a borrowing base to give you a revolving line of credit primarily determined by the bulk availability of your invoices and inventory. As your customers make payments payable to you via our secure lockbox, the payments are immediately applied to your account at Magnolia to reduce your credit line.
 


Magnolia Financial EVP sitting at desk


Why choose Magnolia Financial?

  • Draw from a revolving line of credit based on your bulk receivables and inventory that can grow as you grow.
  • Focus on growing your business, covering costs and meeting new demand without worrying how you'll finance it.
  • Take advantage of the expertise of your dedicated Account Executive and a management team that's personally interested in your success.

 

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What our Clients Say

Kerry Coker, KAMADO JOE

Kerry Coker, KAMADO JOE

"A Breath of Fresh Air"

"The Magnolia guys have a real ‘can do’ attitude. Marc Smith and his team are super responsive and upbeat. They can fund within a matter of days. They are always looking for positive opportunities for their clients. It's a breath of fresh air to work with someone like that."

Frank Workman, Dealers Supply & Lumber Company

Frank Workman, Dealers Supply & Lumber Company

"Available when we needed them"

""Magnolia was really available when we needed them, and the leadership at Magnolia was empathetic to the cold, harsh nature of traditional banking. It gave us a tremendous amount of comfort during a difficult time. Marc Smith and his team really understood where we were, where we were going and gave us the help we needed to get there.""

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