Crossroads Financial

What Crossroads Financial does

Crossroads Financial is a privately held specialty finance company founded in 2006 by CEO Lee Haskin and headquartered in Boca Raton, Florida. The company provides inventory-backed revolving lines of credit and related purchase order financing to lower and middle-market commercial borrowers who are unable to secure traditional bank financing. Its core product is an inventory revolving line of credit with a $1 million minimum facility size, advancing up to 85% of the Net Orderly Liquidation Value (NOLV) of pledged inventory, and supported by Asset Based Lending and Purchase Order Financing product lines structured for retailers, e-commerce operators, manufacturers, wholesalers, and distributors.\n\nThe firm operates a sales-led go-to-market motion anchored on Business Development Officers who run a documented pipeline from initial setup call through application, term sheet issuance within 48 hours, and underwriting approval within 15 to 45 days. Distribution combines a self-serve website application with factor and broker referral channels, including recurring co-financing arrangements with factoring companies that extend receivables-backed coverage to borrowers. Crossroads holds California Financing Law licenses through two dedicated LLC entities (Crossroads Funding I, LLC 60DBO 88771 and Crossroads Financing, LLC 60DBO 88772) and maintains affiliations with SFNet, ACG, TMA, and IFA to source deal flow.\n\nThe revenue model is interest and fee-based, with advances priced on each customer's collateral profile rather than through published rate cards. To date, Crossroads has funded over $240 million in credit facilities with a cumulative loss ratio of less than 1% under Lee Haskin's direction, indicating disciplined collateral-based underwriting. The company does not disclose revenue, has not raised external capital, and operates as a boutique originator with a 11–50 employee footprint, anchored by the founder's three-decade commercial finance track record.

Name

Crossroads Financial

Legal name

Crossroads Financial LLC

Website

https://crossroadsfinancial.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Crossroads Financial, founded in 2006 and based in Boca Raton, Florida, is a privately held specialty lender providing inventory-backed revolving lines of credit starting at $1 million to U.S. lower and middle-market retailers, e-commerce operators, manufacturers, wholesalers, and distributors unable to secure traditional bank financing, advancing up to 85% of net orderly liquidation value.

Ownership category

akta.pro rank

Product category

Inventory Financing / Asset-Based Lending

NAICS

Sales Financing (52222)

SIC

Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Collateral-Based Lines of Credit (Secured Revolving) (FSAKALAH)

Keywords

• Inventory financing
• Asset-based lending
• Purchase order financing
• Revolving credit lines
• Alternative lending

Headquarters

HQ city

Boca Raton

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Inventory Financing Interest and Fees: Crossroads Financial generates revenue through interest charged on inventory revolving lines of credit and associated financing fees. The company provides inventory-backed loans where advances are made against the Net Orderly Liquidation Value (NOLV) of inventory, with typical advances up to 85% of NOLV. Minimum facility sizes start at $1 million.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Crossroads Financial provides inventory-backed revolving lines of credit and purchase order financing to small and mid-sized commercial businesses that cannot qualify for traditional bank financing. Facilities start at $1 million with advances up to 85% of Net Orderly Liquidation Value (NOLV) of inventory, and the company also layers asset-based lending on top of existing factoring arrangements for additional working capital.

Product overview

Crossroads Financial offers a unified inventory financing platform consisting of four core products: Retail Inventory Financing, E-commerce Inventory Financing, Commercial Inventory Financing, and Purchase Order Financing, plus Asset Based Lending as an additional module. The platform provides inventory revolving lines of credit starting at $1 million, using inventory as collateral. The company targets businesses that cannot qualify for traditional bank financing, advancing up to 85% of Net Orderly Liquidation Value (NOLV).

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Inventory Financing Inventory financing that allows retail businesses to use inventory as collateral to obtain a revolving line of credit. Designed for small to medium-sized retailers who cannot secure traditional bank financing, including rapidly expanding companies and those in turnaround situations.
• E-commerce Inventory Financing Inventory financing for e-commerce businesses that must maintain large inventory amounts for just-in-time order fulfillment, including inventory held at warehouses and Amazon fulfillment centers. Targeted at small to medium-sized e-commerce businesses unable to secure traditional financing.
• Commercial Inventory Financing Inventory financing for manufacturers, wholesalers, and distributors who have capital tied up in inventory, including companies with seasonal inventory buildups and high inventory-to-AR ratios that limit borrowing capacity.
• Asset Based Lending Provides additional capital leveraged by inventory for companies that already have an existing AR or factoring facility but need additional working capital beyond their current financing capacity.
• Purchase Order Financing Financing solution that enables businesses to fulfill purchase orders, allowing them to source and complete orders they might not otherwise have the capital to fulfill.

Quantifiable outcome

• Over $240 million in credit facilities funded with less than 1% loss ratio
• +1 more outcomes

Named customers16 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and moderate.

• Factoring Companies (Various)coreChannel Partner/ Reseller/ Distributor · 25 May 2022Crossroads Financial partners with factoring companies to provide combined inventory and receivables financing solutions. Transactions mention partnerships with factoring companies to serve aerospace parts distributor, wood flooring wholesaler, dance costume manufacturer, and chemical processing company.
• SFNetmoderateOthersIndustry association for secured lending and asset-based financial services. Crossroads Financial is affiliated with SFNet, using their logo on the company website footer.
• ACG (Association for Corporate Growth)moderateOthersProfessional association for corporate growth, M&A, and investment. Crossroads Financial is affiliated with ACG, using their logo on the company website footer.
• TMA (Turnaround Management Association)moderateOthersProfessional association for turnaround management professionals. Crossroads Financial is affiliated with TMA, using their logo on the company website footer.
• IFA (International Factoring Association)moderateOthersIndustry association for the factoring industry. Crossroads Financial is affiliated with IFA, using their logo on the company website footer.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• White Oak Commercial Finance: Provides asset-based lending, including inventory and receivables financing, to middle-market businesses — directly comparable to Crossroads in product mix and borrower profile, though at materially larger scale.
• Encina Business Credit: Specialty finance company focused on asset-based lending solutions (revolvers secured by receivables and inventory) to middle-market borrowers; a close functional analog to Crossroads' inventory-revolving-line business.
• TAB Bank: Online asset-based lender offering inventory, receivables, and equipment financing to small and mid-sized businesses; overlaps with Crossroads' SMB inventory financing focus while competing via a more digitized platform.
• Gibraltar Business Capital: Provides asset-based lending and inventory financing to middle-market companies in turnaround, growth, and restructuring situations — closely aligned with Crossroads' borrower profile and use cases.
• Capital Business Credit: Asset-based lender offering inventory and receivables-backed financing to retail, wholesale, and manufacturing businesses — a near-direct competitor in inventory-revolver products.
• Republic Business Credit: Asset-based lending specialist providing lines of credit secured by receivables and inventory to middle-market borrowers — overlapping with Crossroads on inventory-collateralized products and borrower segments.
• Crest Capital: Provides equipment and inventory financing solutions to small and mid-sized businesses; comparable in product type (inventory-collateralized credit) and target borrower size.
• Crystal Financial: Asset-based lender (acquired by Prudential) historically focused on middle-market senior secured loans including inventory and receivables; serves a similar middle-market borrower profile.
• Triumph Business Capital: Provides factoring and asset-based lending including inventory financing for small to mid-sized businesses; overlaps with Crossroads in financing receivables- and inventory-heavy SMBs.
• Bay View Funding: Specialty finance company providing purchase order financing, inventory lines, and factoring to SMBs — directly comparable product set to Crossroads' PO and inventory financing programs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/crossroadsfinan
• LinkedInlinkedin.com/company/crossroads-financial

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Crossroads Financial