Asset-Based Lending
Harness the power of your balance sheet to achieve your financial goals with Asset-Based Lending
Asset-Based Lending (ABL), also called asset-based financing or commercial finance, allows businesses to increase cash flow by collateralizing assets they own.
As the financing is collateralized by an asset monitored throughout the term, the financing requires minimal financial covenants. The terms are generally more flexible, and the rates are lower than unsecured loans.
Established businesses with significant assets
Asset-based lending is a financing that can be collateralized by equipment, inventory, accounts receivable, property, or other assets owned by the borrower.
Asset-based lending is popular with manufacturing, distribution, trucking, and many more industries with significant balance-sheet assets.
Flexible terms to maximize your opportunity
Amount
$1,000,000 to $10,000,000
Agreement Term
1 Year Renewable
Advance Rate
50% to 75%
Asset-Based Lending is best for businesses with more significant revenue streams which need the flexibility to scale.
ABL does not require the transfer of assets. Instead, the company’s assets are monitored as collateral against the financing.
BorrowPartner offers Asset-Based Lending in all 50 US states and the District of Columbia.
Many Ways to Use Asset-Based Lending
Asset-Based Lending is perfect to
- Lease or buy new equipment
- Fund business growth initiatives
- Capture market opportunities
- Cover cash flow gaps
Our customers also use it for
- Cost-efficient capital
- New delivery vehicles
- Other business expansion opportunities
How to get started with Asset-Based Lending?
You can do it yourself
- Start the application process by completing the asset-based lending online application and submitting copies of your aging Accounts Receivable report.
- The application is easy and without commitment.
Or, we can assist
- Complete our contact form and select Application Assistance in the Inquiry Type, and a representative will call you promptly. BorrowPartner assists you every step of the way.
Either way, after receiving your completed financing application, our advisors will promptly review the information and the documents you included and submit the file for prompt processing.
How does Asset-Based Lending work?
After processing your application, our advisors will send you the best available invoice factoring offers for your business. Your offers will include the estimated advance amount and advance rate.
Select the ABL offer you prefer, approve the application, and send it back to your BorrowPartner advisor.
To confirm that a company qualifies for asset-based lending, the lender will evaluate the financial and physical assets of the borrower. That assessment will determine the eligibility of the collateral and the advance rates it will put forth.
Once agreed upon, the agreement is executed.
You enjoy the cash flow flexibility provided to you by your ABL agreement.
That’s it.
Get the financing your business needs to grow
Applying for financing with BorrowPartner does not affect your personal credit score
