Gateway Acceptance Company is a Pleasant Hill, CA asset based lending company. Like many factoring companies Gateway Acceptance Company can provide your business with working capital and solve business cash flow problems. The asset based lending Gateway Acceptance provides is in between a business banking line of credit and accounts receivable factoring. Gateway Acceptance is more like a bank that a factoring company because they offer a loan against business accounts receivable. They do not purchase invoices like a factoring company. Instead they use commercial accounts receivable as the collateral for a commercial business loan transaction. Gateway Acceptance lending criteria is not as strict as a bank so they are competitive with a banking line of credit.
An asset based lending accounts receivable line of credit is similar to accounts receivable factoring but varies in a couple major ways. Instead of charging a factoring fee based on the face value of the invoices outstanding Gateway Acceptance charges loan interest on the amount a business borrows. Another difference between factoring and an asset based accounts receivable loan is how much interaction the financing company has with your customer. An accounts receivable based lending company can usually has less interaction with your customers because they have less risk of not getting paid. These types of business lines of credit are meant for bigger more financially stable companies that do not quite meet a bank’s lending criteria for one reason or another. Gateway Acceptance asset based lending interest rates are calculated based on the total amount of the line of credit, the quality of the receivables that will act as collateral for the loan, current interest rates and the financial quality of the business that will be borrowing the money.
If an Accounts receivable funding line of credit with Gateway Acceptance Company sounds like a good fit for your business contact them today to learn more.
Gateway Acceptance Company
2255 Contra Costa Blvd., Suite 300
Pleasant Hill, CA 94523
Phone: 800-377-9730
Fax: 925-405-1535
