A new product from Asset Based Lending gives brokers a fast, flexible tool to help clients stay operational without losing access to vital equipment.
Responding to the surge in business insolvencies, Asset Based Lending (ABL), Australia’s only lender dedicated exclusively to asset-backed advances, has launched an innovative product for brokers who need urgent funding options to keep their clients’ business afloat.
The “Tracked Asset Advance” (also known as ‘The Tracker’) allows businesses to secure urgent capital without the need for financial or personal guarantees, while continuing to use the asset secured against the loan – thereby giving businesses the chance to release vital equity from the asset.
Unlike ABL’s original model – which requires the borrower to store their asset – The Tracker uses discreet tracking technology and a charge over the company to provide security, so the client can keep using the asset during the loan term.
CEO Steve Heavey said ABL had designed The Tracker in response to broker feedback.
“Brokers told us they wanted a tool they could use to help clients stay operational during financial stress. That’s what makes The Tracker unique in the Australian market – because clients keep their assets while accessing funds,” he said.
“The Tracker is a valuable option for brokers to have in their toolkit, because it solves urgent business problems that can’t wait for traditional approvals. ABL’s entire business is built on speed, flexibility and the ability to say yes when others won’t.
“Naturally, The Tracker’s added flexibility comes with additional legal structuring and risk management, but it delivers unparalleled support to businesses that can’t afford operational downtime.
“ABL also never competes with brokers. We don’t offer long-term loans, and we don’t contact clients after settlement – brokers own the relationship. Also, there are no clawbacks.”
When businesses would use The Tracker
- Paying ATO arrears or penalty notices
- Resolving payroll pressures or supplier debts
- Completing essential repairs without downtime
- Keeping vehicles or equipment in operation
Key product features
- Funding from $20k to $1m
- Loan size up to 70% of forced sale value
- Loan terms from 1 to 6 months
- Asset remains in use – tracked and secured
- Fast decisions and funding – often within hours
About Asset Based Lending
ABL is not a bank or payday lender. It’s a specialist solution provider.
Established just 18 months ago, ABL has become a trusted problem-solver for brokers navigating urgent funding scenarios. Unlike mainstream lenders, ABL doesn’t require financials, credit scores or property as security – only physical assets.
