Same-day settlement isn’t a marketing claim. It’s a process choice.
Most lenders take 4-6 weeks because they treat every deal like an underwriting puzzle. ABL doesn’t. We underwrite against the asset, which means most of the friction other lenders have just isn’t there.
The four steps
Every ABL deal runs the same four steps. Most run in a single business day. None take longer than three.
- 1. Call or referral. You send us the asset, the need, and the exit. Three lines, no attachments needed.
- 2. Free desktop valuation plus indicative figure. Inside 2 hours, we come back with what the asset’s worth and what the client can borrow against it.
- 3. Document signing and security taken. Either the asset goes to Lloyds (Park It), the GPS unit gets fitted (Track It), or the sale is documented (Sell It). Couple of hours of admin.
- 4. Funds disbursed. Cash in the client’s account. Same day in most cases.
What the broker does
Three things, in order:
- Send us the three-line referral (asset, need, exit)
- Pass the indicative back to the client for a yes/no
- Brief the client on what to expect at security stage
That’s the broker’s contribution. Most of it is done in the morning of day one.
What ABL does
ABL’s part of the process is the speed-critical bit:
- Desktop valuation of the asset against market and forced-sale figures
- Indicative facility size, term and rate
- Documentation package once the client says yes
- Security arrangement (Lloyds, GPS, or sale terms)
- Disbursement
None of these steps require the client to dig up two years of financials, get a credit report, or write a business plan.
What the client signs
Standard facility documentation. Asset security agreement. Disbursement authority. No personal guarantees beyond standard practice for the entity borrowing.
The documentation pack is shorter than most commercial finance because there’s less to negotiate. The asset is the security. The terms are the terms. Sign or don’t sign.
Common broker questions
Three things brokers ask before sending their first ABL referral:
- What if the asset is worth less than the valuation suggests? Our desktop figures are conservative on purpose. If the asset’s worth more, the client borrows more. If less, we tell you upfront.
- What if the client defaults? Recovery action against the asset. That’s what asset-based lending means. The downside is structured into the security, not into the business.
- What happens to my client relationship if it goes sideways? ABL talks to the client through you. You stay in the loop, the client stays your client.
Other lenders ask for two years of financials, a business plan and a credit report before they say maybe. We ask what asset, what amount, what for. If it adds up, we settle.
Three things can stretch settlement past same-day. Asset is harder to value than expected (specialist machinery, rare boats). Asset has existing finance against it that needs unwinding. Client takes time to sign the documentation. None of those are deal-killers, they just add a day or two.
Got a deal that needs to settle this week?
If your client owns an asset outright and needs cash inside the week, ABL is the structure. We commission our own valuation, take security, and disburse. Free desktop valuation and a clear borrowing figure, all inside 2 hours. Same-day settlement when the asset is secured.