Asset-Based Lending (ABL) · Shipbuilding & Marine Manufacturing
Asset-Based Lending (ABL) for Shipbuilding & Marine Manufacturing shops
Borrow against what you already own. Our team looks for a funding partner with a asset-based lending (abl) structure that fits how you actually run. No equity given up, and no application, origination, or closing fees to you.
Why shipbuilding & marine manufacturing shops choose asset-based lending (abl)
You've got steel cut, hull sections welded, and a crew on the floor months before the next milestone payment hits your account. Whether you're building for the Navy, the Coast Guard, a commercial towing company, or a recreational boat brand, the contract structure is the same problem: big value delivered, payment tied to inspection and milestone sign-off.
That gap between labor and material spend and milestone payment is where yards run out of runway, especially smaller Jones Act shipyards and marine subcontractors competing against primes with deeper balance sheets.
Asset-Based Lending (ABL) is one of the most direct ways to close that gap. Revolving lines secured by receivables, inventory, and equipment.
What shipbuilding & marine manufacturing shops get
- Line scales with your business
- Often more flexible than traditional bank debt
- Rates typically lower than factoring for the right profile
How it works
- 1The lender evaluates the value of your eligible collateral (AR, inventory, equipment)
- 2A borrowing base formula determines your available line
- 3You draw and repay as needed, with monthly reporting
Cash-flow realities we see in shipbuilding & marine manufacturing
- Progress billing and milestone payments that lag far behind labor and material spend
- Navy, Coast Guard, and commercial fleet contracts with 60–120 day payment cycles after milestone acceptance
- Steel, aluminum, and marine coating cost volatility on multi-year build contracts
- Subcontractor and vendor payments due well before the prime contractor releases funds
- High working capital needs to carry payroll through long build and inspection cycles
Get referred for asset-based lending (abl)
Tell us the basics. We'll confirm the fit and tell you exactly what this program requires before you fill anything long.
- ✓ No application, origination, or closing fees
- ✓ No equity given up
- ✓ US-based shipbuilding & marine manufacturing shops only
Other programs that fit shipbuilding & marine manufacturing
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Short-term capital to bridge payroll, materials, and growth spikes
Explore Working Capital for Shipbuilding & Marine ManufacturingSBA & Term Loans for Shipbuilding & Marine Manufacturing
Longer-term, lower-cost capital for growth, real estate, or acquisitions
Explore SBA & Term Loans for Shipbuilding & Marine ManufacturingAsset-Based Lending (ABL) for other manufacturing niches
Frequently Asked Questions
Yes — asset-based lending (abl) is one of the programs we most commonly place for shipbuilding & marine manufacturing shops. Established manufacturers with meaningful receivables, inventory, and/or equipment who want a flexible revolving line. Full mechanics: the Asset-Based Lending (ABL) program page. Sector overview: Shipbuilding & Marine Manufacturing.
It depends on the program. Factoring often funds within days of account setup; equipment and working capital usually run days to a couple of weeks; SBA and larger term loans take longer. We tell you the real timeline up front.
No. We are an independent business financing referral service and are not paid by you. In most states, funding partners pay us when an account funds or activates; in California and Missouri they instead pay a fixed fee per inquiry, whether or not you are funded. Either way, you pay us nothing.
No. Every program we refer is non-dilutive. You keep 100% ownership of your shop.
Yes. Asset-based lending and working capital facilities can advance against work-in-process and progress billings so a yard isn't forced to slow production while waiting on milestone acceptance and payment.
Yes. Lenders familiar with government contracting understand subcontract flow-down terms, progress payment clauses, and assignment of claims requirements common to Navy and Coast Guard vessel programs.
ABL is a revolving line you draw against; factoring is the outright sale of specific invoices. ABL usually has lower cost of capital but stricter eligibility and monthly reporting requirements.
Ready to keep production moving?
Start with a quick inquiry or a phone call. We'll tell you exactly what the right program requires. At no charge.
Apply. Fund. Deliver. No obligation.
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