YOUR WORKING CAPITAL SPECIALISTS

Find the working capital you need to drive your business toward success.

SBA 7a Term Loans

Designated for working capital and debt refinance
Loan size between $30,000 and $350,000
Must be in business 2 years with positive cash flow and minimum 650 credit score
Prime +2.75% with 10 year term
No prepayment penalty
Personal collateral is not required

A restaurant got a 504 loan but needed to supplement with a $75,000 7a loan for working capital.
A contractor received $250,000 to help fund projects unavailable through other means.

Must have accounts receivables as part of the collateral mix
Loans can range from $50,000-$5,000,000
Supplemental facilities also available on inventory and equipment
Pricing better than factoring (lends on internal reports versus factoring, which lends on invoices)
Purchase order financing available

A manufacturer had recently made two acquisitions and was outgrowing his present working capital facility. Our lender stepped in and provided a $2,000,000 asset-based line of credit to help with his future growth plans.
A bank’s asset resolution group asked us to consider a $2,500,000 asset-based line of credit for an engineering firm. Many lenders competed on this deal but the client elected to go with our source due to the fact they could borrow on invoices up to 120 days which provided more availability.
A food wholesaler needed working capital to expand their market. With the help of Bedford Financial, they received a $500,000 asset-based line of credit.

Can factor all types of receivables (no retail or consumer) including government, medical, international, contractors with progress billings, concentrated receivables, and other portfolios
Loans from $10,000 to $20,000,000
Length of time in business and credit scores are not a concern in many cases
No contracts or monthly minimums and non-notification available
No personal guarantee in some cases
Junior position to banks on receivables in certain situations
Purchase order financing available

One of the advantages of working with Bedford Financial is that we can assist clients with multiple needs. A client's prior factor would not consider progress billing. We arranged a factoring facility that would accommodate them. In addition to factoring, we set up a $200,000 working capital term loan and a $50,000 supplemental line of credit to replace the loan their bank would not renew.
We arranged a factoring facility for a company with international ownership and international accounts receivables.
We worked through a number of IRS issues to obtain a $1,000,000 factoring arrangement for a company.
A startup manufacturer received $250,000 in purchase order financing and factoring.
A health care provider obtained a $75,000 working capital facility secured by medical receivables.
A startup wholesaler received $400,000 non-recourse factoring.

No prepayment, monthly maintenance, account open or closure fees
Only pay for what you use
Monthly or weekly payments over 6-12 months
Loans can range from $10,000-$250,000
Must be in business 6 months with $100,000 in revenue and minimum credit score of 600
Will even take a second position to a bank

A company needed working capital to support growth but did not like the mechanics of factoring. Bedford offers a line of credit that is priced much like factoring but can be a healthy alternative when clients don't want to finance their receivables. We assisted them with a $75,000 line of credit.
We assisted an agricultural company who needed funds for purchase orders.
A bus company with large seasonal needs received a revolving line of credit.
A cleaning service with pre-billed receivables received a revolving line of credit.