Asset-Based Lending

BlueRige Finance Business Capital

We deliver cost-effective financing and operating flexibility to companies of diverse credit profiles and life-cycle stages, including periods of stability, rapid growth and financial stress.

Asset-based loan (ABL) structures, supported by margined advances against business assets such as accounts receivable and inventory, allow you to unlock the value of your company’s assets to maximize borrowing capacity, supporting growth and other corporate goals.

Advantages of asset-based loans

Greater flexibility. Asset-based loans generally require fewer covenants since loans are tied to collateral value. This flexibility frees you to focus on executing your company’s operating plan rather than meeting financial covenants.
Patient capital. ABL borrowers generally benefit from more time and flexibility to work through a market fluctuation or turnaround in the event of financial difficulty because asset quality is the main driver of credit availability.
Enhanced liquidity. When you borrow against a multiple of EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), borrowing capacity could diminish if earnings should decline. Borrowing against company assets often results in greater liquidity and more predictable credit availability for your business.

We offer a range of asset-based-lending solutions

We provide a range of asset-based lending solutions including revolving credit facilities, equipment and owner-occupied real estate term loans, and ABL-Stretch and FILO term loans.

Our relationship-oriented asset-based-lending teams work with asset-intensive businesses, seasonal and cyclical businesses, distributors, manufacturers, retailers, equipment-rental and business-services companies. We also provide financing, on a selective basis, for healthcare providers of goods and services.

With facilities starting at $10 million, we can provide tailored financing options for:

Working capital needs
Acquisitions and capital expenditures
Stock repurchases and recapitalizations
Turnarounds or restructurings
Refinancing existing cash-flow or ABL facilities

Specialty asset-based lending teams

Our relationship-oriented specialty lending teams work to deliver alternative working capital solutions as well as custom structures for select industries.

Supply chain finance
Trade receivable securitization
Retail finance
Lender finance
Energy asset-based finance

To qualify for a LifeGreen Savings Account, you must have a Leon checking account. The minimum opening deposit amount for a Leon checking account is $50. The minimum opening deposit amount for opening a LifeGreen Savings Account is $50 (or $5 if you set up a monthly automatic savings transfer from a Leon checking account). An automatic transfer of funds of at least $10 from your Leon checking account to your LifeGreen Savings account in at least 10 of any of the 12 calendar months that precede the month of your account opening anniversary (your “Account Anniversary Month”) is required to earn a 1% annual savings bonus. The annual savings bonus is based on the average monthly balance for the 12 calendar months that precede your Account Anniversary Month. The annual savings bonus will be paid to your LifeGreen Savings account by the second business day of the month following your Account Anniversary Month. To receive the annual savings bonus, your LifeGreen Savings account must be open on the date the annual savings bonus is paid. Maximum annual savings bonus of $100. You are responsible for any tax due on any amount received under this offer. Fees could reduce earnings on the account. The Annual Percentage Yield (APY) for the LifeGreen Savings account and the LifeGreen Preferred Checking (other Leon checking accounts do not pay interest) account is based upon balance and may change at any time. Check the current interest rates and APYs for LifeGreen Savings and LifeGreen Preferred Checking. BlueRige Finance reserves the right to change the terms of or terminate this bonus program and prorate the amount of any bonus payment at any time in its sole and absolute discretion.
Services are provided by Self Financial, Inc. Enrollment (including eligibility requirements) is subject to Self's terms and conditions. BlueRige Finance does not provide these services and makes no representations or warranties about them. Individual results vary. You may not receive an improved credit score. Other factors, including activity with other creditors, may impact results. Many lenders, including most auto and mortgage lenders, do not use scores impacted by rent, cell and utility payments. Not all bill payments may be eligible. Rent payments are reported to Experian, Equifax & TransUnion. Utility & cell phone payments are reported to TransUnion.
LockIt® controls will not block all transactions on your card. They will not block transactions processed when standard authorization systems are not used. They will not block merchant-identified recurring transactions, credits to your account, ATM deposits, ATM Now Card loads, ATM payments (including transfers from your deposit accounts to your credit accounts), ATM check cashing, ATM inquiries or ATM account mini statements. If your credit card provides overdraft protection to your checking account, they will not block overdraft protection advances.