What is Asset Based Lending (ABL)?
Asset based lending (ABL) is a flexible, fast way for businesses that are unable to access traditional bank financing to get necessary working capital. ABL enables companies in almost any industry to take on growth opportunities, put a turnaround plan into effect, purchase new equipment, or fund acquisitions.
ABL is a secured loan based on the value of your company’s assets, including your accounts receivable, inventory, machinery and equipment, and real estate. We work with prospective customers to tailor a solution to match your funding needs. When you work with Bibby Financial Services, you will have a collaborative and highly experienced team that understands your business. Because we are an international company with offices around the globe, we can finance foreign assets, where other lenders are unwilling to do so.