[RichardGerard]

There are several Lenders that go that high- in fact most commercial banks like their ABL Facilities to start at $5M. Kevin Henry here on this Blog from SeaCoast Funding- a Division of Sea Coast Bank goes to 20M- and will go higher with assistance from syndicating institutions.

The fact however, that the client is not willing to pledge collateral makes this a tough pill to swallow. What happens if/when they default?

[Kevin Henry-Seacoast]

There are several Lenders that go that high- in fact most commercial banks like their ABL Facilities to start at $5M. Kevin Henry here on this Blog from SeaCoast Funding- a Division of Sea Coast Bank goes to 20M- and will go higher with assistance from syndicating institutions.

The fact however, that the client is not willing to pledge collateral makes this a tough pill to swallow. What happens if/when they default?

Thanks for the mention Richard. Correction though...we do not need to syndicate over $20Mil. Our legal lending limit is $60Mil.