January, 2025
In metals and manufacturing, much of a company’s collateral is heavy equipment such as presses and machining centers. Lenders size a term loan against an appraisal of that equipment, often its net orderly liquidation value (NOLV), and against the company’s ability to service the debt.
A term loan is advanced in full at closing and repaid on a fixed schedule. Companies use a secured term loan for one-time needs such as equipment purchases or refinancing.
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.
