Asset Based Line of Credit
Leverage inventory and equipment along with receivables
Apply NowAsset Based Loan “ABL” is for growing businesses that want a simple borrowing base loan. Asset based lending provides customized loan arrangements secured by your accounts receivable, inventory and fixed assets. We can also add on Cap-Ex support your hard costs to acquire new or used equipment.
An ABL facility maximizes borrowing availability across accounts receivable, inventory and equipment. Asset Based facilities trade the freedom of a Ledgered line of credit for a traditional loan structure. An ABL facility will result in increased due diligence, on-site field exams and possibly appraisals for the larger facilities. Republic often remains free of financial covenants on its ABL facilities by focusing on the collateral. Not all businesses have the need to borrow on its inventory and equipment, so Republic can structure something on only the accounts receivables.
Asset-Based facilities are designed for established business with an annual sales volume of $10 million to $75 million.
One single borrowing base including receivables, inventory and/or machinery and equipment.
Free of financial and distribution covenants.
One dedicated Account Executive as the point of contact for day to day activity.