Financial Poise
Business Borrowing Basics - Asset-Based Lending

Asset-Based Lending

Asset-based lending, or an asset-based loan (ABL) is made by a lender who underwrites the loan primarily by valuing the company’s assets, such as accounts receivable (A/R) and inventory. An ABL lender can be distinguished from a “cash flow” lender in that while a cash flow lender secures its loan against the borrower’s assets, as does an ABL lender, the cash flow lender underwrites the loan based on the cashflow and general credit-worthiness of the borrower. An ABL lender, in contrast, looks primarily to the ability to liquidate its collateral should it need to, to be repaid. Since ABL lenders are willing to provide loans to companies with weaker financial performance, they are able to provide financing to companies who are not eligible for a cash flow loan. ABL lenders typically charge higher interest rates than cash flow lenders as a result of greater risk of non-performance. This webinar explains ABLs, explores its pros and cons, and discusses the basics of negotiating one.

Read about Alternative Assets and the “Average” Accredited Investor.

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Webinar Faculty


Jonathan Friedland
Jonathan Friedland

Jonathan Friedland, of Much Shelist, is ranked AV® Preeminent™ by, has been repeatedly recognized as a “SuperLawyer”, by Leading Lawyers Magazine, is rated 10/10 by AVVO, and has received… Read More


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Mark Seigel

Mark Seigel is Managing Partner at Crown Partners. Read More

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Paul Clinkscales

Paul Clinkscales has held various roles as a seasoned executive leader and business advisor. He currently serves as Director of Finance & Operations for Aesir Media Group, a specialty niche… Read More

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Robert Miller

Robert Miller is executive vice president at Rosenthal & Rosenthal, Inc., in New York. He is the head of the firm's Asset-Based Lending Group. Read More

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