Tailored Programs for Your Business

At Eastern Cove Capital, we recognize that each business is distinctive. That's why we offer a range of unsecured business credit programs designed to tailor-fit the financing your business requires. Our Asset-Based Lines of Credit are crafted to provide the flexibility needed to propel the growth of your enterprise.

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Accounts Receivable Financing

Unlimited source of financing for your company's growth.

Accounts receivable financing, or Factoring, is the purchase of accounts receivable invoices at a discount. If you sell your products or services to businesses that pay in 30, 60, 90 days, or more, Eastern Cove Capital, LLC has a liquidity solution. We can finance companies that are startups, losing money, or in bankruptcy because accounts receivable financing is based on your customer's credit, not yours. This is not a "debt." You are selling an asset. But it is more than just an asset sale; it is like outsourcing your accounts receivable department. Factors provide valuable services. They check your customer's credit for you and notify you of bad risks, and they provide detailed monthly statements. Qualifying accounts even get free credit insurance.

  • Cash in 24 hours
  • No personal guarantees
  • We finance any business
  • There is no recourse even if the account does not pay
  • Credit insurance on your clients at no cost to you
  • No arbitrary loan board decisions
  • No Fixed Payments
  • As sales and receivables increase, funding Increases
  • Focus on your business, not collections
  • Take advantage of early payment or bulk purchase discounts from your suppliers
  • Ability to service large and/or unexpected orders
  • Accounts receivable financing is more flexible and quicker than bank loans

Use The Money To...

  • Fund payroll or other operating expenses
  • Purchase inventory to take advantage of bulk/early payment discounts
  • Fund expansion and growth
  • Respond to seasonal demands and opportunities
  • Take on that large new account with confidence

Connect with us today, and one of our financial specialists will give you a no-cost analysis of what we can provide for your company.

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Asset-Based Lines of Credit Tailored to Your Business

Unlock the potential of your business with Eastern Cove Capital's expertly structured and funded asset-based lines of credit. We bring a wealth of industry knowledge and expertise to the table, ensuring credit services that align seamlessly with your unique needs.

Collateralizing Your Assets for Growth

Our ability to collateralize accounts receivables, equipment, and inventory sets us apart. By leveraging these assets, we provide a revolving line of credit that empowers your business to thrive. Whether you're expanding operations, investing in new equipment, or managing seasonal fluctuations, Eastern Cove Capital has you covered.

Competitive Rates and Terms

Benefit from some of the most competitive rates and terms in the industry. We understand the importance of financial arrangements that work for your business, and we strive to provide favorable conditions that foster success.

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Industries We Serve

While our Asset Based Lines of Credit are versatile, we have specific expertise in various industries, including but not limited to:

  • Transportation/Freight Services
  • Temporary Staffing
  • IT Consulting
  • Government Contractors
  • Manufacturing
  • Distribution
  • Wholesalers
  • Miscellaneous Service Providers

Ready to elevate your business to new heights? Explore our asset-based lines of credit and discover the Eastern Cove Capital advantage. Connect with us now.

Purchase Order and Trade Finance

We provide purchase order funding for the import and export or domestic production of pre-sold merchandise. Often, a company's greatest challenge is not sales or production but simply locating the financing to procure pre-sold merchandise.

Our areas of expertise include production finance for work in process and letters of credit for trade finance, including import and export transactions and domestic trade purchases. If you are a producer, distributor, wholesaler, or reseller of manufactured products, we can help you. Even if you are a startup, have poor cash flow, or have little access to capital, we can help.

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The Benefits of Purchase Order Financing Include the Following:

  • Allows companies to grow without increased bank debt or selling equity
  • Helps ensure timely deliveries to customers
  • Increases market share
  • Allows companies to make larger profits by fulfilling larger orders
  • Fast flexible funding