Abel Commercial Funding recently funded a home improvement business looking to fund their purchase orders.
The borrower was seeking a lender who was able to provide purchase order financing. However, most lenders were declining the request because of the risk associated with home improvement businesses.
Abel Funding was able to help the borrower secure a revolving line of credit for $89,000. This particular line of credit was unsecured, which allowed the borrower to take advantage of lower interest rates.
This type of financing worked out better for the borrower, because they are able to use it over and over again.