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ASSET-BASED LENDING

Growing and require additional financing? When traditional commercial lending does not provide sufficient borrowing capacity, we can meet your company’s working capital requirements.

Typical Customers and Prospects Include:

  • Growth oriented companies
  • Companies with continuous external working capital requirements
  • Seasonal businesses
  • Management or leveraged buyouts

Features and Benefits:

  • Loans from $5 million to $50 million
  • Flexible financing solutions including:
    • Revolving line of credit – working capital
    • Term loans to refinance/consolidate equipment loans
    • Capital expenditure lines of credit convertible to term loans
    • Commercial mortgages for owner-occupied commercial real estate
    • Equipment lines of credit for new purchases

Subject to credit approval. Company must have been in business a minimum of 2 years. Requires automatic deduction of loan payment from a Provident Bank business checking account.

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