SOLUTIONS TAILORED TO YOUR BUSINESS FINANCING NEEDS

At First Midwest Bank, our Asset Based Lending¹ solutions are designed around your business to help provide the capital for a strong financial future. Our Asset Based Lending team of professionals — with collective experience greater than 200 years — is backed by a bank that has served your friends, neighbors, and business associates for more than 70 years. We continue to build partnerships with wholesalers, manufacturers, service organizations, and distributors while focusing on the needs of middle-market companies across the Midwest.

Our Asset Based Lending group is here to help when your business needs capital for:

• Business Growth
• Acquiring a New Facility
• Product Innovation
• Manufacturing Automation
• Turnarounds
• Asset Purchases

Some of the most common forms of collateral we use in our lending solutions include:

• Accounts Receivable
• Inventory
• Machinery and Equipment
• Real Estate

Our solutions are available with the following advance rates:

• Up to 85% of eligible accounts receivable
• Up to 65% of eligible inventory
• Up to 100% of orderly liquidation value of M/E
• Up to 75% of fair market value of real estate

Get Connected with Our Team

For more information on our Asset Based Lending solutions, please contact our Customer Care Center at 800-322-3623 or the expert listed below:

• Neil Prendergast – Senior Vice President, Head of Asset Based Lending