Inventory financing is asset-based lending that allows your company to leverage existing inventory and provide funds to purchase additional inventory or handle corporate expenses. At Avon River Ventures, we understand how difficult it gets for any business to access adequate retail inventory financing.
Inventory financing allows dealers to use money from a lender to finance their inventory. This enables the dealer/supplier to acquire a wide selection of equipment that end customers can purchase if they wish.
From the distributor/supplier’s perspective, inventory financing is a practical way to streamline inventory acquisition and reduce administrative costs.
Inventory is the lifeblood of the business. Regardless of the economic climate, having the appropriate customer equipment is undeniably the virtue of any business’ success. This product allows the distributor/supplier to achieve that goal.
The typical amount advanced by us is 90% of the appraised value of the eligible inventory.
Other Lenders make the process of inventory-backed financing extremely expensive for the borrowers, and they indulge in excessive valuations and appraisals which take about 10 weeks and a lot of money to perform the valuation and generate an inventory appraisal report.
We take pride in our due diligence, underwriting, and appraisal. Our process could be as short as 3-6 weeks from submission of the required documents to appraisal and disbursement of the loan.