Asset-based lending, also known as asset backed finance, ABL lending or an asset-based loan, provides your small or medium-sized business with fast, flexible financing to optimize cash flow and effectively manage critical transitions.
Whether your business is looking to maximize growth opportunities or manage a successful turnaround, asset-backed financing provides maximum flexibility, especially in the following circumstances:
- Rapid growth
- Restructuring or turnaround
- Acquisition, merger or buyout
Asset-based lending works just like a revolving loan, which means it’s available when you need it, and you can pay it down whenever you choose.