Business Funding

Asset Based Lending

Turn existing assets into flexible working capital.

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At a Glance

Funding Amount $500,000 - $15,000,000

Term Revolver 1-3 years; term loan 36-60 months

Overview

The Angel Funding Advantage

Qualifying assets typically include accounts receivable, inventory, and machinery and equipment.

Asset Based loans can have multiple sub-facilities that may include a revolving line of credit and/or a term loan facility. The amount of available funds is regularly assessed and determined based on the changing values of your assets — so your facility grows as your business grows.

Revolving line and/or term loan
Facility grows with your business

The Process

How It Works

A streamlined, transparent process designed to get capital into your hands.

Asset Review

Our advisors handle this step for you and keep you informed at every stage.

Facility Structure

Your facility is structured with the right mix of sub-facilities: a revolving line of credit, a term loan, or both.

Borrowing Base

Available funds are regularly assessed based on the changing values of your assets, with collateral monitoring to boost availability.

Draw As Needed

Borrow as much or as little as you need based on revolving loan balance availability, and repay on flexible terms.

Who Qualifies?

Industries served include manufacturing, distribution, transportation, staffing, oil & gas, service providers, technology, alternative energy, and more
Nationwide geographic focus

Why Choose This Option

Unlock cash tied up in existing assets.
Grow your facility as your business grows.
Include more assets and use collateral monitoring to boost availability.
Borrow as much or as little as you need based on revolving loan balance availability.
Avoid tightening credit availability based on economic cycles or market fluctuations.
Work with a dedicated representative who knows your business and can evolve your facility as your needs change.

Common Scenarios

How businesses use Asset Based Lending

Growth

A distributor doubles its order volume and needs a facility that automatically expands with its receivables and inventory.

Refinance / Restructure

A manufacturer exits a restrictive bank facility and unlocks more availability against its equipment and receivables.

Management Buyout

A leadership team acquires the company using the business's own assets as collateral for the acquisition facility.

Turnaround

A company recovering from a difficult year accesses working capital when conventional lenders have pulled back.

FAQ

Frequently Asked Questions

Get the facts on Asset Based Lending.

What assets qualify as collateral?

Furniture, fixtures, rolling stock, and technology equipment are generally excluded.

How is Asset Based Lending different from A/R Factoring?

Factoring is the sale of your invoices. ABL is a loan facility secured by a broader pool of assets — receivables, inventory, and equipment — and can include both a revolving line of credit and a term loan.

How much can I borrow?

It is reassessed regularly as your asset values change.

Do I have to borrow the full facility?

No. With the revolving structure you borrow as much or as little as you need, and only pay for what you use.

My company is in a turnaround — can I still qualify?

Yes. ABL is designed for situations conventional banks avoid: turnarounds, restructurings, recapitalizations, buyouts, start-ups, and even bankruptcy scenarios, because the facility is secured by your assets.

How is pricing determined?

Stop waiting. Start growing.

Start your application and find out exactly how much capital you qualify for. It won't affect your credit score.

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