Most industries in the United States qualify, including e-commerce.
Restricted industries include business with perishable inventory or inventory with a short shelf life (including products related to a fad) or custom products. Ineligible industries include weapons/ammunition, cannabis/CBD, and precious metals.
At least one year, with at least 6 months of sales history.
Typically, a minimum of $1 million in annual revenues.
However, we assess deals on a case by case basis taking many factors into consideration.
The inventory must be located in the US, at a third-party warehouse or a client’s warehouse.
Yes. We work with factoring companies, ABL lenders, equipment lenders and purchase order financing companies.
Not necessarily, but we do want to see that there is a path to break-even or profitably in the near/medium term with the help of our financing.
We focus on the business and its collateral, and not on personal credit scores.
Typically, yes. However, we assess the need for a personal guarantee on a case by case basis taking many factors into consideration.
Typically, Black Olive provides financing solutions ranging from $100K to $10MM.
Typically, our inventory lines of credit advance up to 85% of net orderly liquidation, capped at 65% of cost.
Typically, our purchase order financings advance up to 100% of cost of goods.
Typically, 12 to 36 months.
Generally, our inventory lines of credit are structured as a revolving line of credit. The availability revolves around the level of inventory the business has.
Generally, our purchase order financings are a transactional financial solution that is provided based on the purchase order amount and the cost of the inventory. Other financings have tailored structures and flexible payments.
Yes, your business will have access to additional liquidity as its inventory level increases.
Generally, we can pay your businesses’ supplier up to 100% of the inventory cost upon shipment and inspection of the products as long as there is a firm, non-cancellable, purchase order from a credit worthy company.
Generally, if your business keeps a steady level of inventory, then the business would not have to pay down principal—the loan essentially becomes an interest-only loan.
Generally, in the case of purchase order financings, the loan is repaid once your businesses’ customer pays the invoice, or if your business uses a factoring company, once the factor buys and advances against the invoice. Other financings have tailored structures and flexible payments.
Typically, inventory lines of credit cost between 1% to 2% per month (including all fees and expenses), depending on several factors.
Typically, purchase order financing ranges from 2% to 3% per month (including all fees and expenses), depending on several factors. Other financings have tailored structures and flexible payments.
Yes. Typically, our clients pay us off by obtaining traditional bank financing within 12 to 24 months.
