Company Overview: About A. B. Nicholas
Company Overview: In 2010 A. B. Nicholas LLC is founded as the effects of the Great Recession took hold. We needed another way to serve our core franchise and business acquisition clients. Our “go-to” financing resources (SBA, business loans at major banks, etc.) were either lending far less at much higher rates, or not lending at all. We need an alternative credit line.
Settling on Portfolios as Credit Line Collateral
We look over the options and after a careful analysis, settle on a securities-based line of credit. But to make it work, we needed a custom line, without mandatory brokerage fees. Our clients only wanted financing, not necessarily management or advice. After numerous turndowns, we ultimately found a licensed FINRA-member advisor with a background in real estate who understood our concept. After tightening up the rules and the product, LeverageLine was born.
Demanding Clients = Demanding Wish-List
No company overview would be complete without discussing who took priority for us: the client. The type of clients we serve demand no mandatory lender-side fees, competitive interest rates, high loan-to-value, and minimal documentation or delay. From our first major licensed lender partner to our current three major providers and FINRA-member advisers, LeverageLine was gradually able to achieve a wholesale-rate securities-based credit line with several features our clients demanded.
Inform, Qualify, Quote… and Hand Off
Our role at A. B. Nicholas is to present and qualify candidates for this great lending product, which we call LeverageLine™, and in so doing help prospective clients understand how it works and the powerful features we offer that are not typically available on a retail basis. We issue the term sheets with approval from our licensed lending partners, place them into the term sheet, and deliver the offer security to the client. In this way, our term sheets are pre approved financing quotes.
Our duties are simple: we confirm eligibility, answer any general questions, then ensure that the financing will meet their specific deadlines. We send the application to the lending institution, then build the terms into a clear term sheet. Once signed, we set up an introduction to their licensed lender adviser — an expert carefully selected by us and an employee of the licensed lending institution. Then we step away.
No Mandatory Lender-Side Fees
Critical again in any company overview must be the issue of costs. A. B. Nicholas is compensated only after we’ve delivered the client’s funding as promised via a nominal fee that can be paid from the line. We carry out this work as a service for our client (not the lending institution) many of who need financing for their franchises or businesses quickly and inexpensively. (Please Note: We at A. B. Nicholas receive no compensation or incentives of any kind from our lending partners: we serve our clients only.)
A. B. Nicholas has also served many of the big franchise and business brokering firms. These firms trust A. B. Nicholas to deliver, and we do. Every time.
We can be reached at 202.379.4744 from 9AM-8PM (EST) Monday through Friday, and 10AM to 2PM on Saturday (EST). We return all calls promptly and you are always welcome to leave a voicemail after hours..