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.

 

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

Manufacturing

Manufacturing

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

Freight and Trucking

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

Professional Services

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

Distributors and Wholesalers

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

Find Out More


You need to grow?
Summit can help.

A growth financing story…