Cornerstone Community Bank | Chattanooga Banking

Cornerstone offers a variety of lending services to help your business turn current assets into cash for day-to-day cash flow needs. Most any business would qualify for this quick, easy and low-cost kind of lending service.

Cornerstone offers a timely, labor efficient, cost-effective and proven system to quickly convert your current assets into cash. Our staff is experienced and ready to respond to your questions. We provide a solid reporting system for your accounts receivable needs. If needed, our cash management service also includes zero balance sweep account services.

To use this lending service, your business must borrow up to 85 percent of your current accounts receivable, borrow up to 50 percent of your raw material and finished goods inventory and provide local processing of lock box items.

Asset-based lending is ideal for start-up and highly leveraged companies as well as businesses needing cash flow to manage rapid growth. This service is also perfect for companies losing discounts for prompt payment, volume discounts or accounts receivable that historically take longer than 30 days. Industries that typically use asset-based lending services include trucking, manufacturing, distribution, printing, employment services and wholesalers.

In addition, Cornerstone has acquired Chattanooga-based Eagle Financial to expand its commercial factoring services.

To learn how Cornerstone’s asset-based lending services can help your business grow and succeed, please contact one of our relationship managers for additional information.