At Provident Bank Asset Based Lending, we maximize the amount that you can borrow on your assets to meet your short-term and long-term financing needs. Since the group’s inception in 2014 it has generated $200 million in closed deals. And it will only continue to grow. Our specialty is family owned private companies; however, we have also banked several private equity transactions.
As part of the ABL menu, you’ll also be able to use our cash management services, including:
Currently, the Asset-Based Lending team manages transactions ranging from $2 million to $35 million, working to maximize the amounts customers can borrow on their assets to meet short- and long-term financing needs. Better yet, we provide quick, local lending decisions with signature approval so you get the money you need faster, providing your business with greater credit availability, so you’re able to reach your business goals sooner.
Whether you need to cover a gap in cash flow, buy equipment, or expand into new markets, we’ll find the right solution for you. We can help with:
We work harder to understand your business, close your deal, and be a true strategic partner—now and in the future. And it’s that partnership that makes all the hard work worth it.