What is Asset-Based Lending?
Asset Based Lending (ABL) helps your fast-growing and highly leveraged business raise more capital to expand, pursue strategic plans or simply boost sales. ABL combines Invoice Finance with funds secured by various company assets such as Accounts Receivable (A/R), Machinery and Equipment, Property or Inventory. These newly available funds provide the potential for company growth and development.
How does Asset-Based Lending work?
Asset-Based Lending Benefits
You can quickly release funds tied up in your assets in order to grow the business. We look at the quality of your assets rather than your credit rating.
Complete ownership and no risk
You do not sell the assets and remain the owner. You get the funding by leveraging company assets, not your personal property.
More funds and flexibility
Asset-Based Lending gives you access to more capital than invoice financing along with 100% control.
You get faster and easier approval for Asset-Based Lending than you would if trying to qualify for a business loan with a bank. Sufficient assets, used as leverage, are all that is required.