Asset-Based Lines of Credit

Daily-Followed Revolving Financing for Rhode Island Businesses

Turn your accounts receivable and inventory into working capital. From $500,000 to $10 million for companies that need more flexibility than a traditional bank line of credit can provide.

Get Financing

company INTRODUCTION

RI Capital, through our affiliate BDC Capital, provides accounts receivable and inventory lines of credit to companies in manufacturing, wholesaling, distribution, and business services. Many business owners hit a wall with conventional lenders because of size or collateral restrictions, or because their financing need is simply outside the box of what a bank can underwrite. Alternative lenders can fill the gap but often at a cost that eats into profits. We offer a different combination: creative structures at a competitive cost that keeps your profits in the business.

WHY RI CAPITAL

More than just

asset-based lending

Bank Partnership Model

Your existing bank can keep treasury management, deposits, and the primary relationship while we provide specialized asset-based lending and monitoring.

Complex Situations Welcome

Turnaround, refinancing classified loans, rapid growth that outpaces a bank line. The deals others pass on are often the deals we are built for.

Flexible Structures

Our participation is typically subordinated in the event of default, which lowers the bank or credit union's exposure.

Daily Monitoring

Real-time tracking on receivables and inventory gives you maximum availability and transparency on your borrowing base.

USES of Funds

Working capital lines of credit can be used for

Growth

Debt restructuring

Acquisition financing

Seasonal working capital

And more

How It Works

Our process for financial success

Step 1:

Initial Consultation

We learn your business, your existing banking relationships, and what you are trying to solve for.

Step 2:

Collateral Analysis

We evaluate the quality and collectability of receivables and the marketability of inventory to establish appropriate advance rates.

Step 3:

Structure and Approval

We build the right structure, coordinate with your bank where applicable, and move through underwriting and approval.

Step 4:

Daily Management

Once funded, we monitor the borrowing base daily and adjust availability as you collect receivables and turn inventory.

Frequently asked questions

What loan amounts does RI Capital offer for asset-based lines of credit?

$500,000 to $10 million and above. Structures can scale with your business as receivables and inventory grow.

How does daily-followed revolving financing work?

We monitor accounts receivable and inventory daily, with real-time borrowing availability updates. As you collect receivables or sell inventory, availability adjusts immediately, giving you flexibility and transparency on working capital.

Can RI Capital work with my existing bank?

Yes. We specialize in bank participation structures where your existing bank maintains the primary relationship, treasury management, and deposits while we provide the asset-based lending expertise and monitoring.

What types of businesses are a good fit for ABL?

Companies with seasonal fluctuations, rapid growth, turnaround situations, classified loans being refinanced, or borrowers that simply do not fit a traditional bank line. If you have quality receivables and inventory but need more flexibility than a bank can offer, we can help.

What collateral is required?

Primarily accounts receivable and inventory. We complete a collateral analysis to establish advance rates based on the quality of the receivables and the marketability of the inventory. Additional collateral may be considered.

How quickly can a line be established?

Timing varies with deal complexity, but our team prioritizes responsiveness and works to your business timeline. Local decision-making keeps the process moving.

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Unlock the working capital trapped in your receivables and inventory

Partner with the most experienced asset-based lender in New England.

Get Financing

401-450-0047