Asset Based Lending (ABL), Australia’s only dedicated asset-based lender, has officially launched nationwide, providing small and medium-sized enterprises (SMEs) with a fast, flexible alternative when traditional finance falls short.
Following a successful broker pilot, ABL now offers short-term cash advances from $20,000 to $1 million, secured against business or personal assets such as vehicles, machinery, inventory, and luxury goods. Funding is typically released in hours — with no property security, no financials, and no credit checks required.
“Every day we see viable businesses under pressure — not because they lack assets, but because they can’t navigate the tripwires of conventional finance,” said Steve Heavey, CEO of ABL. “Our model gives them breathing space: urgent, asset-backed funding that buys time, helps fight back against insolvency, and keeps businesses trading without leaving them more exposed than they need to be.”
The launch has already attracted industry attention, with The Adviser noting that brokers and accountants are under growing pressure to find fit-for-purpose solutions for clients facing ATO enforcement or cash flow stress. ABL’s model is designed as a tactical tool for brokers, advisors, and business owners — unlocking capital in critical moments and giving SMEs a chance to get back in control.
