How can I get a line of credit to finance more?

Historically banks have loaned 80 to 90% of receivables and usually as low as SOFR (Secured Overnight Financing Rate) + basis points. Start-up premium finance companies are usually prime + 1% until the bank can see the low mark off numbers in action.

Why?

The very low mark off / bad debt reserve is the result of strict state laws governing the insurance premium finance industry as documented in this document and from the experience of those listed in the overview references.

Evolution has books, spreadsheet proformas, audit reports, borrowing base certificates and software we can supply to banks. All to explain risk mitigation, bank profitability and why banks historically lend 80 to 90%.

We assist you to get or increase a bank line of credit (LOC) via asset-based lending on accounts receivable as briefly explained above. We can supply you a draft business plan if desired. .