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Cogent Bank

Learn More About Asset Based Lending

Asset Based Lending-An efficient way to borrow with flexible structuring.

 
Our Asset-Based Lending Specialists use formula-based advances backed by tangible collateral to create an asset-based loan designed to meet your specific needs. Revolving Lines of Credit secured by accounts receivable and inventory can help in the following scenarios:
 
  • Cash support for rapidly growing companies that are growing organically or through acquisition
  • Businesses that have suffered a temporary downturn 
  • Businesses with seasonal borrowing needs


By taking time to understand your cash conversion cycle, Cogent Bank can customize a borrowing solution that will fit your unique needs.  In addition to revolving debt, Cogent Bank can help finance equipment needs necessary for growth or replacement of existing machinery and equipment.

Examples of the Industries we Serve

  • Manufacturing
  • Distribution
  • Wholesalers
  • Staffing
  • Business Services
  • Transportation (including trucking and marine)
  • Energy
  • Government Contractors
  • Importers

Recurring Revenue Lending

 

In a world of “one size fits all” in banking, Cogent Bank has expanded its offerings to include the ability to provide working capital solutions for those businesses that may operate within the scope of annual service contracts.  Traditional asset based lending relies on a borrower’s ability to deliver goods or services, then invoicing customers in arrears.  Cogent Bank looks at things a little differently by providing the same formula based revolving lines of credit based upon the recurring revenue created by the contractual relationship with your customer.

Examples of the Industries we Serve

  • Software as a Service (SaaS)
  • Commercial Landscaping
  • Fire Suppression Maintenance
  • Alarm Monitoring
  • Commercial Cleaning and Janitorial
  • Commercial Pest Control
 

Purchase Order

 

Often clients find themselves with a unique opportunity that requires funding to source goods directly from a supplier for a key customer.  Utilizing the experience of the Specialty Lending team and its technological edge, Cogent Bank is able to offer purchase order financing as a compliment to your revolving line of credit.  Purchase order financing allows the Bank to direct funds to your supplier thus enhancing both supply chain turnover and your liquidity.