The borrowing base, and what is left of the ledger calculator

Interactive: the borrowing base, and what is left of the ledgerMedium

Asset-backed lending in one line. The collateral is not what the sales ledger says: ineligible invoices come out first, a dilution reserve comes out next, and only then does the advance rate apply to what is left.

Eligible receivables

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Dilution reserve

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Borrowing base

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Headroom

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Financeable share of the ledger

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Annual interest

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Cost per collection cycle

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Reading

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What counts as ineligible — a concentration limit, an overdue bucket, a disputed invoice, a related party, a debtor in the wrong country — is defined in the facility agreement, and that definition moves this number far more than the advance rate does. Information and education only. Not advice, not a valuation, and not a quote for anything.