Asset Based Lending
Asset Based Loans
Asset based loans (ABL) are secured lines of credit backed by accounts receivable, inventory, machinery, equipment, and real estate. ABL looks to collateral, reporting requirements, covenants, and controls.
Hana Financial provides ABL facilities ranging from $1 million up to $15 million. Larger transactions are offered with lending partners.
ABL is useful for working capital needs, business growth, management buyouts, debt financing and acquisitions.
ABL's Focus: Collateral
ABL looks to collateral, reporting requirements, covenants, and controls.