Senior Stretch Loan
Senior stretch loans usually provide financing that is equal to more than the total lending value of the borrower's current and fixed assets. However, the borrower must show the capacity to repay this type of loan either through high operational cash flows or a strong balance sheet consisting of a substantial asset base. In short senior straight is a combination of both cash flow and asset base lending.
Cash Flow Lending Vs. Asset-Based Lending
LaSalle Nova…..offers a customized asset base program that can provide greater flexibility than the traditional loan and or working capital financing. Our Senior Stretch loans are designed and structured to deliver both asset backed financing with cash lending beyond the asset base.