site statistics

Personal
Small Business
Commercial
Investing
Planning & Resources
Community Focus
About Us
 

Rockland Trust Asset-Based Lending

Rockland Trust's asset-based lending team provides secured revolving credit lines and term loans, customized to meet the individual needs of your company. These types of loans are ideal for businesses that do not meet typical lending requirements and offer more flexibility by allowing businesses to borrow against their accounts receivable, for example, to fund their working capital needs.

With more than 90 collective years in the business, our asset-based lending team has the experience and knowledge to help get the financing you need to run your business.


Features and Terms

Lending Capabilities

$3 million to $30 million

Lending Purposes

Working capital, refinancing, growth, Debtor-In-Possession, ESOP Programs, recapitalizations, turnarounds, emergence financing, import/export letters of credit, mergers & acquisitions

Industries Covered


Manufacturers, distributors, wholesalers, retailers, and service companies

Advance Rates 

Up to 85% on accounts receivable
Up to 75% on inventory
Up to 85% on net orderly liquidation value of machinery and equipment 
Up to 70% on fair market value of real estate


Terms 

3 - 5 year commitments
5 - 7 years amortization on machinery, equipment, and capital expenditures
5 - 20 years amortization on real estate

For more information contact:

Christopher O'Connor
Senior Vice President
781.982.6240 office
781.707.6364 cell
Christopher.O'Connor@RocklandTrust.com

Carol Hamilton
First Vice President
781.982.6705 office

Carol.Hamilton@RocklandTrust.com

Michael A. Pandolfi
Vice President
413.596.3999 office
413.537.8871 cell
Michael.Pandolfi@RocklandTrust.com


Topics of Interest:

Recent Deals

Our Team