What is Asset Based Lending?
Asset Based Lending (ABL) is a form of secured lending that is based principally on the quality, value and adequacy of the collateral that an issuer pledges. ABL loans are typically less costly than invoice factoring, but may be more restrictive as well. If your business has grown to the next level, Triumph Commercial Finance could be your next stage of working capital finance.
Are you ready for Asset Based Lending?
There are primarily three criteria used to determine if your business is ready to graduate from invoice factoring to Asset Based Lending.