Why we say “cash out”
“Cash out” carries baggage. Pawnshops cash out personal items. Fire sales cash out inventory under duress. Plenty of lenders shy from the term because of the association. ABL doesn’t. We say cash out because business owners search for it, brokers use it, and it’s the most accurate plain-English description of what we do. What cash-out […]
Why we don’t ask “what’s the money for”
Every business owner who calls a bank gets asked the same first question. “What’s the money for?” Then comes “What’s the plan to repay?” Then “Show us the last two years.” By question three, half of them know it’s not happening. ABL asks a different first question. “What do you own?” The cash flow lender […]
Why the banking industry’s lending figures only tell part of the story
By Steve Heavey, Managing Director & Founder, Asset Based Lending A record year for small business lending. And a record amount of small business tax debt. The problem is the first doesn’t always work when the second is there — and the two numbers are connected in a way the headline figure doesn’t show. New […]
Behind the Deal: Remote urgent seasonal finance solved with tractors
A farming operation out of Katherine, NT, needed a cashflow boost after weather conditions hit the property hard. Three John Deere tractors, owned outright, became the security. ABL released $400K, structured with capitalised interest so there were no monthly repayments to find, and flew its own valuers and tracker installers out to the Territory to […]
Behind the Deal: DPN landed. $280K needed urgently
A Director Penalty Notice landed. 21 days on the clock. The director needed capital to respond, fast. The business owned construction equipment on active jobs. That equipment became the answer. ABL secured it, released $280K, the director paid the debt in full, and the equipment kept working the whole time. The Asset Construction equipment fleet […]
What makes a good ABL referral
Most of what ABL says no to comes down to one of two things missing. The good news is they’re easy to spot before you pick up the phone. The two things every ABL client has Every deal that ABL funds has the same two ingredients. Listen for them in your client conversation. If both […]