Companies that see opportunities for growing their sales are oftentimes limited by their borrowing capacity within the traditional market. Bedford has consistently been able to locateworking capital facilities (asset based lines of credit, factoring and short term working capital loans)for companies that needed the funds to make these opportunities a reality. Manufacturers, service companies, retailers etc have found Bedford to be a resource for loans ranging from $10,000 to $5,000,000this past year. We also offerSBAExpressLoansfor working capital and equipment ranging from$50,000 up to $350,000.
We have done a number ofbusiness acquisitions, partner and or manager buyoutswhere cash flow was excellent but collateral was an issue for traditional banks. Our SBA lenders leverage the SBA guarantee very aggressively which allows for us to make deals like this happen. We have done a number ofdebt restructures and commercial RE transactionswith the SBA 7a program. SBA loans start at $150,000 and up.
Need a simple program for buying equipment? Ourapplication only up to $125,000 is the best route to go when needing to lease equipment. Competitive rates and quick turnarounds. $1 buyout options with no residuals are very popular. Start at $10,000 and up.
UPDATE...we now offer working capital lines of credit between $50,000 and $250,000. This lender also offers factoring ...even if your bank facility has your assets tied up via a UCC!! We can take a second position on receivables and still offer factoring now!