ASSET BASED FINANCING
IS A TYPE OF BUSINESS FINANCING THAT IS SECURED VIA THE BORROWING COMPANIES ASSETS.
ABL vs Traditional Financing can tend to better serve a small to mid-sized business in two ways typically. On one hand, it can allow a business to get creative in terms of securing financing by allowing a business to use existing inventory or a piece of equipment as collateral.
This works well especially for businesses where there isn’t sufficient business revenue to qualify for traditional bank financing. On the other hand, businesses find that using an ongoing receivable as collateral for financing can offer more in the range for growth versus a traditional bank loan. It is based solely on past revenue and therefore will not take into account future growth.
Typically ABL deals are funded to the business in the form of a revolving line of credit. Startups and growing businesses have constant needs for capital. Hence why ABL is typically funded as a line of credit since that structure allows a company to borrow from assets on an ongoing basis as needed.
We value our clients and the trust they give to us to provide the proper financial resources when they are needed.
We Pride Ourselves On Being A Full-Service Financial Firm
When it comes down to the world of Asset-Based Financing and Lending (“ABL”) we know these can be very tough waters to navigate. Whether our clients are looking to turn their inventory into capital, or perhaps they are seeking to finance a purchase order, or maybe even finance the next piece of equipment. We can help our clients reach all of their goals.
Our goal at Troy Business Group is to be there for you regardless of your needs. If the financial product exists in the world of ABL, then count on Troy Business Group. We will not only provide your needs, but we at Troy will also do so all while providing the best performance and service to meet your needs. Here are just a few of our ABL products: