What is intercreditor agreement?
Intercreditor Agreement: A written agreement between two or more lenders defining who has rights to which collateral first.
How it works
Required when you have both a bank line and a factor, or an equipment lender and an ABL. Common structure: bank/ABL on AR + inventory, equipment lender on machinery.
Where you will run into it
Intercreditor Agreement comes up most often in asset-based lending (abl) conversations. See how asset-based lending (abl) works, including real cost ranges and timelines.
Related terms
Intercreditor Agreement questions
A written agreement between two or more lenders defining who has rights to which collateral first.
Required when you have both a bank line and a factor, or an equipment lender and an ABL. Common structure: bank/ABL on AR + inventory, equipment lender on machinery.
Funding Requirements Checklist for US manufacturers
See exactly what underwriters actually look at — for factoring, PO financing, equipment, working capital, ABL, and SBA — before you fill out a single application.
- What documents you need for each program
- Typical time-to-fund by program
- Common disqualifiers worth knowing up front
- How Manufactor Finance is compensated — $0 fees to you
Talk to a funding consultant
Questions before you apply? A consultant can walk through this checklist with you, no pressure and no obligation.
Ready to keep production moving?
Start with a quick app or a phone call. We'll tell you exactly what the right program requires. At no charge.
Apply. Fund. Deliver. No obligation.
AI-assistedDepending on live availability, calls may be answered by Mary, our AI Assistant, who takes a message and books a callback. Or email us instead.