Asset Based Lending

• The applicant must be a company seeking a committed asset-based revolving line of credit (ABL) to support business financing needs.
• The financing request must relate to one of the stated use cases: growth financing, merger or acquisition funding, refinancing/restructuring/recapitalization, or financing a management/leveraged buy-out.
• The applicant may be operating in a cyclical or seasonal industry and require flexible financing.
• The applicant may fall outside conventional lending criteria due to high leverage and/or restricted cash flows (including turnaround situations).
• The applicant must be a midsized or large company (typical facility sizes range from $50 million to large syndicated transactions of more than $1 billion).

Who is eligible?

• Companies looking for growth financing
• Companies funding a merger or acquisition
• Companies in cyclical or seasonal industries
• Companies with high leverage that fall outside conventional lending criteria
• Companies experiencing restricted cash flows or in a turnaround situation

Eligible expenses

• Working capital needs financed through a revolving line of credit (advances against accounts receivable and inventory value).
• Costs to fund a merger or acquisition.
• Costs related to refinancing existing debt, restructuring, and/or recapitalization.
• Costs related to financing a management buy-out or leveraged buy-out.