Thompson-DeWitt Financial Group's New York Advisory Office Jumps - Erie News Now | WICU & WSEE in Erie, PA

Thompson-DeWitt Financial Group's New York Advisory Office Jumps Into the Asset-Based Lending Arena


Thompson-DeWitt to add full suite of asset-based funding options to its diverse portfolio of commercial finance options.

New York, NY, September 23, 2017 --( TD CAP, Thompson DeWitt Financial's New York Investment Banking Division has joined with one of the premier Asset-Based Lenders in the US to add to its line commercial finance products. Bill Turner, the division's Business Development Manager says, "The product line will allow us to service a much broader base of clientele and expand our reach into business types and funding requests we've previously had to turn away. The company announced that we can now offer a full suite of asset-based products & solutions and serve a much larger client base including:

* Clients located anywhere in the United States
* International clients who are a legal U.S. entity domiciled in the United States
* Clients who may have any of the following issues:
- Startups
- Bad or no credit
- Federal and State Tax Liens
- Balance Sheet Issues
- Start ups

Accounts Receivables Financing

* Clients with B2B/B2G Commercial Accounts Receivable from Startup to $10MM in outstanding A/R:
- Temporary Staffing deals
- Government Contractors (Prime and Subs) performing work for any Federal, State or Municipal Government Entity
- Transportation/Trucking concerns
- Manufacturing/Distribution – any viable company with creditworthy customers (debtors)
- Consulting, Janitorial, Professional Services, Cyber Security, Hardware & Software Resellers, IT
- Clients in many other industries

Purchase Order Financing

* Clients from Startup to $10MM
* We fund 100% of costs and delivery and later provide A/R Funding at point of invoicing
Equipment Leasing
* Clients wanting to Purchase, Refinance &/or Sale/Leaseback their equipment market-valued at $10K and above
* Clients requiring additional capacity with us to fully attain their broader working capital requirements

Inventory Financing

* Clients needing to leverage their inventory of up to 50% of appraised value
* Clients requiring additional capacity with us to fully attain their broader working capital requirements

Government Contract Mobilization Funding

* Up to 10% of the contract value converting to a 70-90% Advance Rate at point of invoicing."

Company Director, Robert Thompson says that, "This is not an exhaustive list and the company will be aggressive & highly creative in its approach. Building strong relationships is the key to being successful in the asset-based arena and we believe our flexibility will allow us to do that very quickly."

Contact Information:
Thompson DeWitt Financial Group
Robert Thompson
Contact via Email

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