Term Loans & Revolving Lines of Credit

Term Loans & Revolving Lines of Credit

Far East National Bank offers an array of financing products designed specifically to meet your business’ financial needs.

Financial Products Include:

  • Asset-Based Lending
  • Revolving Lines of Credit
  • Term Loans
  • Loan Syndications

Asset-based lending is made up of a revolving line of credit secured primarily by accounts receivable and inventory.  The line may also be secured by other assets such as commercial equipment and real estate.

FENB is well equipped to finance companies in a broad array of industries. Whether you are a manufacturer, distributor, or a wholesaler, we will work with you to understand your individual business needs. We will help you structure a financial solution that meets your company’s strategic goals.

Revolving lines of credit are designed to finance short-term working capital needs such as accounts receivable and inventory purchases, and helps borrowers to manage cash flow, grow their business, and access funds quickly.

Our business lines of credit have benefitted a wide range of manufacturers, wholesalers, and distributors to meet their financial goals. FENB will offer you customized solutions to match your independent banking needs.

Term loans are typically utilized for business capital expenditures and long term financing such as: 

  • Fixed Asset Purchases
  • Permanent Working Capital
  • Business Expansion and Acquisition
  • Cash Flow Management
  • Receivable Financing

A term loan will give you flexible repayment terms that accommodate your cash flow, and a fixed monthly repayment amount to help manage your debt load, while offering competitive fixed or floating interest rates.

A term loan provides financing for fixed assets such as new or used equipment, commercial vehicles, and modernization of equipment or premises, including leasehold improvements.

Receivables (A/R) based financing involves the use of the borrower’s accounts receivable (credit) sales to secure short-term loans. It's a form of asset-based lending, but instead of using a combination of inventory, equipment, receivables, and other assets to secure the loan, only the organization’s accounts receivable are pledged.

A syndicated loan is large-scale financing between two or more banks that jointly agree to make a loan to a borrower. The lenders both share the risk and opportunity to participate in financing. Loan syndication is a very effective means to accommodate the financial needs of a growing customer including:

  • Finance internal corporate expansion, mergers, and/or acquisitions
  • Refinance existing financial obligations
  • Recapitalizations
  • Project financing