March, 2024
Many manufacturers have two kinds of collateral: receivables and inventory that turn over within weeks, and equipment that holds its value for years.
In a combined facility, the revolver advances against a borrowing base of eligible receivables and inventory and can be redrawn as customers pay. The term loan is usually secured by equipment and repaid on a schedule.
About Great Elm Commercial Finance
Great Elm Commercial Finance (“Great Elm”) provides asset-based lending facilities to a wide gamut of middle-market businesses – serving as a one-stop shop for entrepreneurs, private equity firms, investment banks, and turnaround managers who need capital in tandem with speed and certainty. Our goal is to enable our financing partners to execute and deliver on their plans with industry leading, transparent commercial lending.
