Guest Commentary January 9, 2015 By Dave Young, Manager of Ticket Financing, RCN Capital 1
RCN Capital continues to expand its financing options for brokers reinforcing its position as the only financing company working specifically for the secondary market and brokers. As we move into 2015 RCN Capital is formally announcing the availability of five separate forms of financing. The two new forms of financing joining the other three active financing methods are Receivables Financing and PSL Financing.
The following five financing options are available now with RCN Capital:
Transaction Financing – This program is a potential option for all professional and college sports teams along with venues. RCN pays the seller for the inventory and the broker is in a customized loan with RCN designed specifically to suit the broker’s business needs.
Revolving Line of Credit – This is a line of credit that uses equity in real estate as the collateral. This program dispenses funds to the broker for inventory purchases of a variety of events if desired.
Revolving Line of Credit/Unsecured – This is an unsecured line of credit available to brokers that meet certain metrics. The rate is subject to credit history.
Receivables Financing – This product uses receivables to secure financing for brokers that are eligible. RCN determines how much it will loan by looking at the total amount of receivables over a period of time, how much it can secure, and other standard underwriting categories.
PSL Financing – RCN can provide financing for brokers using PSLs as collateral for new acquisitions and for unencumbered PSLs.
Brokers interested in considering any of these financing options can contact RCN Capital. RCN can help brokers determine if one or more of these five options is an appropriate fit for a broker’s business.
Please send comments and inquiries to David Young – Ticket Financing Manager at RCN Capital at [email protected], or call 860-533-4049.