Asset Based Lending

Asset-Based Lending Overview

Why choose FirstMerit?

We combine our asset-based lending experience with our personal delivery and relationship management expertise, which allows us to deliver creative financing for complex and unique situations. 

Benefits of working with FirstMerit

  • Our business model is to provide relationship banking with access to decision makers and proactive personalized service. 
  • We can provide you with a comprehensive financing package and relevant solutions through FirstMerit Bank's full suite of financial and banking services, such as: 
    • Treasury management 
    • International services
    • Merchant services 
    • Wealth management 
  • Our flat management structure provides access to decision makers for quick assessment, turnaround, and approval.

Achieve short-and-long-term goals:

  • We provide senior-secured, asset-based lending solutions to business and corporate clients with sales from $10 million to $500+ million. 
  • Using a combination of revolving credit and supporting term loan facilities backed by the assets of your company, you can remain prepared for both the expected and unexpected. 

We serve a wide range of business clients in:

  • Manufacturing
  • Distribution
  • Wholesale
  • Retail
  • Service industries 

Financing is available for the following activities:

  • Acquisitions, LBOs, MBOs
  • Recapitalizations 
  • Rapid growth 
  • Seasonal working capital build up 
  • Turnarounds 

Our solutions provide liquidity for organizations benefiting from an alternative to more traditional cash flow lending, due to factors such as: 

  • Thin margins 
  • Cyclical tendencies 
  • High leverage 
  • Customer concentrations 
  • Operating turnarounds
  • Seasonality 
  • Rapid growth

Let's Talk

  • Email us
  • Call: 330-384-7448
  • Contact name: Doug Winget

  • Email us
  • Call: 330-384-8736
  • Contact name: Joe Kwasny

 

Subject to credit approval.