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Specifics
What makes Southeastern Commercial Finance, LLC different?
We're an independent owner operated finance company, so we have the flexibility and authority to respond to your needs quickly and aggressively.
A member of our credit committee will always
deal with your application.
You will put your case directly to a decision-maker and not a salesman.
We have been dealing with small and medium
sized businesses since 1996.
Frequently Asked Questions:
Q: What is asset based lending?
A: Asset based lending offers a viable funding alternative for companies who encounter obstacles in obtaining traditional bank financing. With an asset based loan, funds are secured with the company’s assets, such as accounts receivable, equipment and inventory.
Q: Who can benefit from asset based lending?
A: All manner and sizes of companies — from manufacturers to distributors to service providers — turn to asset based lending for an equally diverse range of funding needs. Southeastern clients include start-ups seeking funding for business growth, companies that have exceeded the loan amounts their banks are able to provide for them, and established companies that have encountered financial difficulties due to valleys in the economy, legal complications and shifts in customer demand, among other reasons. Companies who wish to expand their product lines, upgrade their equipment, and grow in size also turn to us for asset based lending.
Q: How is asset based lending different from traditional bank financing?
A: Banks are restricted in the amount of the loans they issue, and to whom they can provide loans. Because they are regulated by the FDIC, banks must require companies to meet certain financial criteria. Asset based lending is not limited by the FDIC. This allows us to provide larger amounts of funding more quickly, and to companies banks may consider too risky to assist, while also encouraging growth.
Q: Will I eventually be able to qualify for a traditional bank loan?
A: The majority of Southeastern clients have gone on to achieve financial stability and return to their banks for traditional bank financing. Indeed, this is our primary objective with each client we help. When one of our clients succeeds in obtaining traditional bank financing, we consider this a reflection of our own company’s success as well.
Q: Why should I choose Southeastern?
A: Southeastern specializes in providing small to mid-sized companies with asset based capital from $100,000 to $2,000,000. Having provided hundreds of companies with interim capital for nearly two decades, We offer a number of significant advantages over other funding sources. These include:
FLEXIBILITY: We look for and find creative solutions to financing challenges because every loan, every situation is different.
FAST RESPONSE: No loan committees. No red tape. Upon receipt of a financial package, we’ll have an answer for you within 48 hours.
ACCESS TO EXPERTS: We’re more than a lender. We’ll provide, or make available, any and all guidance needed to help ensure your success.
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