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.
As leading asset-based lending consultants, we specialize in asset-based lending services for small to mid-size companies that require working capital financing to meet cashflow needs. With years of experience working with over 5,000 businesses like yours, we have the knowledge and expertise to meet your goals and put your business back on track.
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.
1
Size
Minimum loan utilization is typically $1 million.
2
Financial Reporting
ABL borrowers typically submit collateral reports to determine loan eligibility. Additionally, borrowers are required to present CPA reviewed, and preferably audited, financial statements.
3
Capacity
Financial criteria, such as favorable earnings and tangible net worth, are generally considered in the loan underwriting process.
Would you rather just talk to someone?
We get it, sometimes you just want to ask a few questions and get on with it. Turns out, we like your style… let’s have a chat about it.
