Asset Based Line of Credit “ABL” is for established businesses with working capital requirements beyond their receivables. Republic Business Credit will provide a traditional revolver that includes advances against eligible inventory. Republic can further lend across the balance sheet by adding a term loan against machinery and equipment.

An ABL facility maximizes borrowing availability across accounts receivable, inventory and equipment. Asset Based facilities trade the freedom of invoice financing for additional availability. A more flexible multi-asset borrowing facility may result in increased due diligence, on-site field exams and possibly appraisals for the larger facilities. Republic remains free of financial covenants on its ABL facilities by focusing on the collateral.

Asset-Based facilities are designed for established business with an annual sales volume of $20 million to $75 million.