Stages of Business Financing

Association Banking


First Florida Integrity Bank understands the challenges each stage of business financing presents to Business Owners. Our goal is to advise and fund as you advance up these steps and achieve your business goals.

ACH Services

What is Asset-Based Lending?

Asset-based lending is a business loan secured by collateral or any assets the business may have. The asset-based loan, or line of credit, is secured by the business's inventory, accounts receivable, equipment and or other assets on the balance-sheet. Asset-based lending is also known as "commercial financing" or "asset-based financing."

Cash Management Electronic Banking
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Asset Based Lending

A company’s ability to managing its working assets is key to successful growth. For growth companies having the ability to leverage these assets are key to capitalizing on growth opportunities.
  • Asset based lines often offer greater flexibility than other traditional bank lines of credit.
  • Asset Based Lines are based on your companies:
    • Accounts Receivable
    • Inventory Machinery
    • Equipment
    • Real Estate
  • Facility Size: $5.0MM to $15.0MM
  • Advances rates:
    • Up to 95% of Accounts Recievable (even on concentrations & GOV AR)
    • Up to 65% on Inventory
    • Up to 75% on Equipment
    • Up to 85% on Real Estate
  • Benefits:
    • Capitalize on growth without selling equity
    • Take advantage on trade discounts
    • Fund payroll timely
    • Manage working capital correctly
Lock Box
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Factoring / AR (Accounts Receivable) Financing

Business owners know that extending credit to their customers is key to growth. At some point one can no longer be the bank to customers and that is where FFIB’s AR financing program can add value. Our AR financing allows you to immediately redeploy that credit you have extended your customers back into the business. As your customer’s AR balances grow so does the size your AR financing facility with FFIB grows.

  • —Why FFIB:
    • FDIC Insured Bank not a privately held company - Perception is Reality
    • FFIB offers the next levels of financing products as your company grows
    • Competitive Pricing
    • Fast Closings
  • Facility Size: Minimum monthly volume of $50M a month as high as $5.0MM a month.
  • Advances rates up to 90% even on concentrations & GOV Account Recievables
  • Benefits:
    • Capitalize on growth without selling equity
    • Take advantage on trade discounts
    • Fund payroll timely
    • Predictable cash flow

Jay Baldwin

Jay Baldwin joined First Florida Integrity Bank in 2016 as SVP, Director of Asset Based Lending and Factoring. Jay has been part of the leadership team that created the Asset Based Lending and Factoring division of the First Florida Integrity Bank, and he is responsible for effectively growing the division thru sales leadership and is part of the credit and operations team.

Before joining First Florida Integrity Bank, Jay co-founded a privately held asset based Lending and Factoring company located in Tampa, where he served as President from 2007 – 2013. Prior to owning his own business, he had worked for several large corporate banks located throughout the Southeast. Jay has over 20 years’ experience in banking with a focus in working capital financing and leveraged transactions. He holds a B.S. in Finance from the University of South Florida and has lived in the Tampa community for the last 25 years.

To find out more about these services please contact:

Jay Baldwin at 813-361-9624

or email jaybaldwin@ffibank.com

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