What is a hybrid asset-based loan? The hybrid asset-based lending (ABL) facility (factoring structured like ABL) combines the accounts receivables with other assets, including equipment and machinery, inventory, and other business assets with cash flow.
Established businesses seeking funding of at least $500,000.00 can apply for the hybrid asset-based facility.
Typically, we prefer to work with companies with an annual sales volume of $10 million, but we would consider smaller companies.
The hybrid asset-based loan can be ideal for growing companies that want a simple borrowing base loan. Asset-based lending provides customized loan arrangements secured with accounts receivable, inventory, and fixed assets. We can also add Cap-Ex support for your hard-earned money to purchase new or used equipment.
An ABL facility maximizes borrowing availability across a range of assets but does not offer the freedom of a ledgered line of credit (more information).
The hybrid loan structure may lead to increased due diligence, on-site field exams, and possibly appraisals for larger facilities.
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