Corporate Lending Products
Asset Based Lending
One of the distinguishing features of Asset Based Lending is that the amount of the loan is tied to the liquid value of the assets held by the borrower and in which the bank takes a security interest.
This type of loan is structured as a revolving line of credit, and its funding is tied to a formula basis of accounts receivable, inventory, tax certificate and other collateral. Asset based lending entails the assignment of a company's accounts receivable and/or inventory, and floor plans, although other types of collateral such as tax certificates and mortgages may be included.
This type of lending does involve special monitoring procedures. Thus, Ocean Bank has established procedures and controls to properly monitor these types of credits.
- Domestic Accounts Receivable and Inventory Financing
- Floor Plan Financing
- Tax Certificate Financing
- Mortgage Warehousing
- Foreign Accounts Receivable Financing (based on insurance policy from approved agency. e.g. EximBank, FCIA, AIG, CNA, etc.)
For further information concerning our Lending products, please contact Jose Valdes or Federico Tunnermann at (305) 569-5313, Jay Bunes at (954) 519-0484, or Joe Garcia at (305) 569-5436.
Email Addresses:
Jay Bunes, Senior Vice President, jbunes@oceanbank.com
Jose R.Valdes Vice President, jrvaldes@oceanbank.com
Joe Garcia, Vice President jgarcia@oceanbank.com
Federico A. Tunnermann, Senior Vice President, ftunnermann@oceanbank.com
