Growing a successful business requires working capital. And sometimes, the faster a company grows, the greater that need becomes.

That’s where asset-based lending and revolving lines of credit can provide a powerful financing solution.

Asset-based lending, commonly referred to as ABL, allows established businesses to borrow against eligible business assets—most commonly accounts receivable and inventory, and in some transactions, machinery and equipment.

Unlike a traditional term loan, an asset-based revolving line of credit can expand and contract as the company’s eligible collateral changes. As receivables and inventory grow, additional borrowing availability may become available as well.