Asset based lenders may perform invoice verifications as part of managing the borrowing base of a client. Invoice verifications allow the lender to confirm that the invoices used for the borrowing base are accurate and free of disputes. Clients are often concerned about the verification process because the asset based lending company interacts directly with their customers. […]
Asset Based Lending
What Is an Asset Based Loan?
An asset-based loan (ABL) is a type of business financing secured by company assets. ABLs allow companies to borrow from assets to cover expenses or investments as needed. In this article, we cover: What is an asset-based loan? How do ABLs work? Who qualifies for asset-based lending? What is a borrowing base? How does due […]
Asset Based Lending vs. Factoring
Factoring is a type of asset based financing that is often confused with asset based lending. While these products have some similarities, they are very different. This article helps you understand the differences between these products and helps you determine which one is best suited for your company. 1. What is asset based lending? An Asset […]