FDIC-Insured - Backed by the full faith and credit of the U.S. Government
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Asset-Based Lending
Growing and require additional financing? When traditional commercial lending does not provide sufficient borrowing capacity, we can meet your company’s working capital requirements with asset-based lending.
Your Assets. Your Advantage.
With a dedicated team that understands the complexities of growing businesses, we work with you to structure a solution tailored to your cash flow, operational needs, and long-term goals, so you can confidently pursue new opportunities, manage cycles, and keep your business moving forward.
Typical Customers and Prospects Include:
- Growth oriented companies
- Companies with continuous external capital requirements
- Seasonal businesses
- Management or leverage buyouts
Features and Benefits:
- Loans from $5 million to $50 million
- Flexible financing solutions including:
- Revolving line of credit – working capital
- Term loans to refinance/consolidate equipment loans
- Commercial mortgages for owner-occupied commercial real estate
- Equipment lines of credit for new purchases
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Everyday Tools for Your Business
ProvidentConnect for Business
Securely manage your accounts with ease through ProvidentConnect for Business Online Banking.
Mobile Banking for Business
Bank anywhere, anytime with our mobile app. Enjoy secure, convenient access to your business accounts.
Treasury Management
Run your business more efficiently, more profitably, and with more cash flow management control.
Frequently Asked Questions
What is asset-based lending?
Asset-based lending is a loan solution where businesses can borrow against the value of their assets to access working capital and fund their growth.
What types of assets can be used as collateral?
Collateral such as inventory, equipment, real estate can be used for asset-based lending.
Disclosures
Subject to credit approval. Company must have been in business a minimum of 2 years. Requires automatic deduction of loan payment from a Provident Bank business checking account.
Loan structure, collateral requirements, and advance rates vary based on borrower qualifications and asset type. Not all assets or industries are eligible for financing.
Go Back
111 Wood Avenue South
Suite 200
Iselin, NJ 08830Mailing Address
P.O. Box 1001
Iselin, NJ 08830-1001
