Private credit glossary · Live data July 2026
What is asset-based lending (ABL)?
Asset-based lending is debt secured by specific business assets — receivables, inventory, equipment, or other collateral — with the borrowing base recalculated as those assets change, letting companies borrow against what they own rather than only what they earn.
443
active ABL funds in the Agentas database
$10M–$100M
median stated check-size band
How it works
- The credit line floats with a borrowing base (e.g., 85% of eligible receivables).
- Field exams and collateral reporting replace some cash-flow covenants.
- Works for borrowers with lumpy earnings but strong assets.
When borrowers use it
- Working-capital-heavy businesses (distribution, manufacturing, staffing) with seasonal swings.
- Turnarounds or growth phases where cash-flow leverage is capped.
Related terms
Browse all 443 ABL lenders
Named funds with check sizes, sectors, and deal-team contacts — free to search.
Rank them against your exact deal
Amount, structure, sector, geography — scored in 60 seconds. Free, no account.