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 […]
Ledgered Lines of Credit
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 […]