Asset Based Lending & Loans

Lending Capabilities	$3 million to $50 million
Lending purposes	Working capital, refinancing, growth, mergers and acquisitions, recapitalization and turnarounds
Industries covered	Manufacturers, distributors, wholesalers, retailers, service companies
Advance rates	Up to 85% on accounts receivable Up to 85% on net orderly liquidation value of inventory Up to 85% on net orderly liquidation value of machinery & equipment
Terms	3-5 year commitments 5-7 years on machinery, equipment and capital expenditures 10-20 years on real estate

Lending

Capabilities

$3 million to $50 million

Lending

purposes

Working capital, refinancing, growth, mergers and acquisitions, recapitalization and turnarounds

Industries

covered

Manufacturers, distributors, wholesalers, retailers, service companies

Advance

rates

Up to 85% on accounts receivable
Up to 85% on net orderly liquidation value of inventory
Up to 85% on net orderly liquidation value of machinery & equipment

Terms

3-5 year commitments
5-7 years on machinery, equipment and capital expenditures
10-20 years on real estate

Daniel J. Landers

Senior Vice President, Executive in Charge of Asset Based Lending

Office: 781.982.6240
Cell: 617.834.3354
Dan is responsible for managing the bank's Asset Based Lending business which provides innovative financing structures to businesses in New England and New York. Dan has over 30 years of financial services and banking experience. He previously served as Executive Vice President and Chief Credit Officer of Flagstar Bank and prior to that was at Citizens Financial Group for 13 years, where he served as President of RBS Business Capital in their ABL Division.

Dan is a long-term member of the National and New England Commercial Finance Association (CFA). He volunteers at South Social Services and is a Trustee Associate at Boston College High School.

A graduate of Boston College, Dan currently resides in Milton, MA.

Michael A. Pandolfi

First Vice President, Asset Based Lending
Office: 781.982.6445
Cell: 413.537.8871
Mike is responsible for the origination of asset-based lending relationships and sale of other corresponding Rockland Trust products and services in New England and upstate New York. Earlier in his career, he served as vice president of asset-based lending at Webster Business Credit Corp, worked in corporate lending at GE Capital and worked for Bank of America.

Mike holds an MBA in finance from Western New England College. An active member of the Knights of Columbus, he lives with his family in Wilbraham.

Joseph G. Herzog, CFA

First Vice President, Lending Center Manager of Asset Based Lending
Office: 508.830.3241
Cell: 413.822.9826

Joe is the Lending Center Manager for Rockland Trust’s Security Alarm Lending business. Prior to joining Rockland Trust, Joe worked at BDC Capital in a variety of lending roles. Joe is very active in the finance community, currently serving as President of the Secured Finance Network of New England, past President and Director of the New England Chapter of the Risk Management Association, and Director of the Northeast Chapter of the Turnaround Management Association. Joe is a CFA charterholder, a member of the CFA Institute, and the CFA Society Boston.

A graduate of Bentley University, Joe resides in Boston’s Financial District with his wife and daughter. Joe is also a long-time supporter of, and volunteer at, For Kids Only Afterschool, a local nonprofit that provides educational and learning opportunities for children in underserved communities.

Asset-Based Loans

An alternative to conventional commercial lending.

Asset-Based Loans are flexible, cost-effective forms of senior debt that your business can use to maximize debt capacity. We'll help you leverage inventory and accounts receivable through these loans so you can get financing aligned with your business plan.

See how Asset-Based Loans can help your bottom line. contact us

We're experts in the industry

No matter the size of your business or the industry engaged in, we can help you reach your financial objectives with proposals unique to your situation.

Daniel J. Landers

Michael A. Pandolfi

Joseph G. Herzog, CFA

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