What are Asset Based Loans (ABL)?
19 July, 2018
An estimated 1 of every 3 United States companies have some form of asset based lending.
Asset based lending (ABL) is a form of lending which is both secured and monitored, because the assets which serve as your collateral must be valued and monitored to ensure they maintain that value. If your small business or startup doesn’t properly monitor or report to your asset based lender, you risk losing the loan and potentially your company.
You need someone who understands the intricacies of ABL lending and how pivotal, yet complex, the ABL reporting process is.
If you’re a small business with an ABL, or you’re considering an asset based loan for financing, acquisition, or restructuring your finances, let me help you navigate the complexities in the process and help you implement your asset based loans.
A financial institution can end ABL at any time if your company is not properly monitoring and reporting on it. That’s where I come in. I know what these institutions want to know, and have years of experience in ABL reporting for small businesses. Securing your loan with an expert in ABL reporting can save your business time and money.
Assistance with preparing loan applications (asset based loans and AR factoring)
Analysis of collateral, books, and records in response to potential lender requests
Referrals of loan applications to commercial lenders
Preparation and assistance with field examination requests
Assistance with borrowing base and commercial lender reporting
Monthly reporting under commercial loan requirements
I’ve been on both sides of the loan process, and use my experience to help small businesses like yours navigate the ABL process smoothly and successfully. I use my combined experience with commercial finance, in my roles as a field examiner and consultant for asset based loan and factoring borrowers, to help you secure your company’s finances with asset based loans.
Disclaimer: Mr. Sordillo is NOT a Commercial Lender, therefore assistance with Commercial Finance does NOT guarantee that loan applications will be approved, nor will existing loans be continued. All decisions regarding commercial loans are made by the respective lender, from which Mr. Sordillo is independent.