Asset-based lending for manufacturers: the complete cluster
Revolving facilities secured by receivables, inventory, and equipment for manufacturers past the factoring stage.
Up to 85 percent of AR plus 50 percent of inventory.
Guides
Long-form walkthroughs of the process, the cost, and the underwriting.
- Invoice Factoring vs. Asset-Based Lending for ManufacturersThe graduation path from factoring to a revolving facility.
- What Underwriters Look for in a Manufacturing FileField exams, borrowing bases, and reporting requirements.
Comparisons
Side-by-side breakdowns against the alternatives you are actually weighing.
- Factoring vs. ABLCost, control, and when each structure wins.
- Manufacturing Funding Rate BenchmarkWhere ABL pricing sits against the other 5 programs.
Decision-maker explainers
The terms that show up in term sheets and underwriting calls, defined in plain English.
- Asset-based lendingThe plain-English definition.
- Borrowing baseThe certificate that sets your availability.
- Field examThe on-site audit before the facility opens.
- Intercreditor agreementHow multiple lenders share collateral.
Before you apply: the asset-based lending checklist
- Confirm you have clean monthly financials, ideally reviewed or audited.
- Pull a current AR aging and inventory report by category.
- Identify every existing lien, since ABL lenders need first position.
- Budget for the field exam, typically 8K to 25K depending on complexity.
- Assign someone to own borrowing base certificates and reporting.
- Plan for 3 to 8 weeks from term sheet to close.
Take the asset-based lending checklist with you
The same 6-point checklist above, formatted as a printable PDF you can hand to your bookkeeper or bring to your next lender conversation.
- Every item from the checklist, with room to check them off
- What happens after you apply, step by step
- No application, origination, or closing 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.
Asset-Based Lending by state
State guides cover local incentive programs, MEP centers, and the underwriting considerations specific to each state's manufacturing base.
Click a state to open its funding guide. Keyboard: Tab to the map, use the arrow keys to move between states, Enter to open the selected state, Escape to clear.
- OhioFeatured
- PennsylvaniaFeatured
- IllinoisFeatured
- MichiganFeatured
- MinnesotaFeatured
- Texas
- California
- Indiana
- Georgia
- North Carolina
- Florida
- Wisconsin
- Tennessee
- Alabama
- Utah
- Alaska
- Arizona
- Arkansas
- Colorado
- Connecticut
- Delaware
- Hawaii
- Idaho
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- Oklahoma
- Oregon
- Rhode Island
- South Carolina
- South Dakota
- Vermont
- Virginia
- Washington
- West Virginia
- Wyoming
Asset-Based Lending questions
Directionally, around 15M in revenue with clean monthly financials and a controller. At that scale, ABL pricing of SOFR plus 3 to 8 percent beats factoring fees by a wide margin.
Primarily accounts receivable at up to 85 percent advance and inventory at up to 50 percent. Equipment can be added to the borrowing base in some structures.
Related clusters
- Invoice FactoringEverything a shop owner needs to evaluate factoring: how it works, what it costs, how it compares to lines of credit and MCAs, and the terms underwriters actually use.Explore cluster
- Equipment FinancingRates, timelines, and structures for financing CNC machines, presses, packaging lines, and everything else on the shop floor.Explore cluster
- Purchase Order FinancingHow to fund a confirmed purchase order when the supplier wants payment before your customer pays you.Explore cluster
- Working CapitalShort-term funding for payroll, materials, and the gaps between making product and getting paid.Explore cluster
- SBA and Term LoansThe cheapest capital available to manufacturers who can wait for it: SBA 7(a), SBA 504, and conventional term loans.Explore cluster
- State Funding GuidesState-specific guides covering local incentive programs, NIST MEP centers, underwriting considerations, and the funding programs that fit each state's manufacturing base.Explore cluster
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