A ledgered line of credit (LLOC) is a revolving financing facility secured by accounts receivable (A/R). It combines the receivables-based structure of invoice factoring with the revolving format of an asset-based loan (ABL). LLOCs are intended for larger small businesses and middle-market companies. These companies have the financial controls and reporting capabilities needed to support […]
Ledgered Lines of Credit
Ledgered Line of Credit vs. Asset-Based Loan
A ledgered line of credit (LLOC) and an asset-based loan (ABL) can both provide flexible working capital. However, they work differently. This article explains the main differences between the two products so you can decide which option is better suited to your company. We cover the following: 1. How do they work? Both a ledgered […]
How to Move from Factoring to a Ledgered Line of Credit
Summary: A ledgered line of credit (LLOC) offers a good alternative for companies that have outgrown their invoice factoring facility but aren’t ready for the heavy covenants and compliance requirements of a bank line. Moving from factoring to a ledgered line of credit, or another revolving facility, requires careful coordination to ensure a smooth transition. […]
What is a Ledgered Line of Credit? How Does It Work?
Summary: A ledgered line of credit (LLOC) is a revolving financing facility secured by accounts receivable (A/R). The line’s availability is determined by the value of eligible receivables and the terms of the facility. Ledgered lines of credit are more flexible, easier to use, and simpler to manage than comparable solutions. This article explains how […]
9 Advantages of a Ledgered Line of Credit
Ledgered lines of credit (LLOCs) are gaining traction as a financing option for larger small businesses and mid-sized companies. They combine the receivables-based structure of invoice factoring with the revolving format of an asset-based loan (ABL) or bank line of credit. Ledgered lines of credit offer several advantages for growing companies, including: 1. Improved cash […]
Ledgered Line of Credit vs. Invoice Factoring
A ledgered line of credit (LLOC) and an invoice factoring line can both provide flexible working capital. While both products share some similarities, they also have important operational differences. This article explains the main differences between the two products so you can decide which option is better suited to your company. We cover the following: […]