Artie Berne on Leveraging Asset-Based Lending for a Rapid Turnaround | Episode 23
Welcome to the Change Energizer Hot Seat Podcast with your host, Scott Carley, the Trust Energizer!
In this episode, Scott puts Artie Berne of ArTex Funding in the hot seat to reveal the trust x-factor behind commercial lending outside of traditional banking options. Artie is the alternative lender for companies that are either young and growing, cannot qualify for bank financing, or are experiencing financial issues.
The conversation uses Scott's "Trust Credit Score" framework, built on T: motives, R: radiance, U: underlying core values, S: skill set, and T: track record, to explore how clients can rely on Artie's professional service.
In this episode, you will learn:
* High-Stakes Wins: How Artie's quick-turnaround funding saved Round Rock Honey's huge order with Walmart by funding jars, lids, and labels within a week. His team also handles Monday calls to make Friday payroll.
* Asset-Based Lending (ABL) Explained: Artie details how ArTex Funding provides loans using collateral like inventory, equipment, purchase orders (P.O.s), invoices, contracts, or real estate. This method allows for a much faster funding turnaround than banks—typically one day to three weeks.
* The "Bridge" Strategy: Artie's goal is to keep clients on their money for as short a time as possible, acting as a short- to medium-term bridge (one month up to four years) to help companies get back to the bank for cheaper financing.
* Pricing for Risk: Artie is upfront about the costs, which can range from 8% up to 38% for high-risk clients who may have a bankruptcy, low FICO scores, or an IRS lien, but whose business is showing slight profit.
* More Than a Lender: Artie shares how he helps businesses by connecting them with resources like virtual CFOs or CEOs to help them become more profitable and "straighten out the ship."
* Track Record: Last year, ArTex Funding did up to $38 million in non-dilutive debt funding.
Do you have a unique way of building trust in the marketplace? Scott is looking for leaders to put in the Hot Seat on the podcast. If you'd like to share your story, reach out to The Trust Energizer at calltheenergizer.com [http://calltheenergizer.com]