Asset-Based Lending

To speak with an asset-based lending expert, call 800.200.1208.

WORKING CAPITAL THAT WORKS

With lower reporting requirements, Summit’s Asset-Based Loans use a borrowing base to manage the collateral. We offer up to 85% advance rates with this product, which is designed for clients with a lower risk profile. Asset-Based Lending gives you the freedom to increase your cash flow by borrowing against a pool of your assets – and because of your healthy financial status, we don’t monitor your every move.

What is Asset-Based Lending or an Asset-Based Loan?

Asset-based lending (ABL) is a business loan secured by collateral, also known as assets. The loan is secured by accounts receivable, inventory, and equipment. ABL finance is typically structured as a revolving line of credit, which allows a company to borrow against assets on a continuing basis to cover investments or expenses as required.
 

Qualifying for ABL Finance or Financing

Also known as ABL Financing or Finance, asset-rich companies can utilize asset lending to maximize borrowing capacity. ABL financing can be used for strategic growth for companies looking to expand into new markets. To qualify for asset based financing, it is generally required that the company is both stable and have assets that are able to be financed.
 

Apply for an Asset Based Loan Today!

Many banks and other banking institutions will require you to fill out hard paperwork to get the money you need. Summit Financial Resources team is adept at making the process as simple as possible so you can get the monetary solutions that will help grow your business. Apply online today >

APPLY ONLINE

To apply for Asset-Based Lending, click here.

 

MORE OPTIONS FOR YOUR BUSINESS

 

ABL HIGHLIGHTS

  • Lower reporting requirements
  • 85% advance rates
  • Borrowing base

Asset-Based Lending Guidelines

FACILITY LIMITS

$100,000-$4,000,000+

ADVANCE RATES

Up to 85% of A/R

How Asset-Based Lending Compares

Financing Guidelines

Take a look at our offerings, and see how we can help. We offer Asset-Based Loans from the low 6 figures to 7 figures, plus. From higher reporting to lower risk, and ABL borrowing base to invoice factoring purchase, somewhere on that chart is a loan for your company.

How Asset-Based Lending Compares

ABLInventoryTermStretchSmall Business LoanFactoring
DescriptionBorrowing Base CertificateAdd-on onlyAdd-on onlyStructured Stretch Piece for Growth; Add-on onlyReceivables PurchaseReceivables Purchase
Facility Limits$100,000 – $4,000,000+Up to $500,000Up to $500,000<$250,000Up to $500,000$100,000 – $4,000,000+
Advance RatesUp to 85% of A/RUp to 50% of Inventory CostUp to 60% of NOLV or 40% of Book Valuen/aUp to 90% of A/RUp to 90% of A/R

Industries We Proudly Serve

Asset-Based Lending for Manufacturing

Manufacturing

We provide ABL loans to companies that build things. If you can make it, we can fund it.

Asset-Based Lending for Trucking and Freight Companies

Freight and Trucking

Whether you have a big fleet or just one truck, Summit gets you there faster.

Asset-Based Lending for for Professional Services Companies like IT firms and Staffing Firms

Professional Services

From consultants to staffing to oilfield services, we can do Asset-Based Loans for all types of professional firms.

Asset-Based Lending for Distribution and Wholesale Companies

Distributors and Wholesalers

We’ll get your ABL loan done fast, so you can get your product from Point A to Point B.

You need to grow?
Summit can help.

A growth financing story…