• Asset Based Loans

    Our asset based loans help clients unlock working capital and increase liquidity.
  • Asset Based Loans

    An Asset-Based Loan (ABL) is utilized by a business to obtain working capital financing based on advances made against the business' assets as security. The loan, or line of credit, is typically secured by inventory, accounts receivable and/or other balance-sheet assets, potentially including intellectual property. This product is also known as a "commercial finance loan" or "asset-based financing".

    Benefits of Working with CIT 

    • Provide financial stability and predictive cash flow by unlocking the working capital tied up in your assets increasing liquidity.
    • Facility normally increases in size based upon the growth in your assets, such as accounts receivable and inventory which occur normally in a growing business. 
    • Simplified reporting requirements - typically monthly or weekly borrowing base certificates showing levels of accounts receivable and inventory.
    • Often, few or no covenants to limit burden on a growing company.
    • No fixed repayment schedule as your assets support your ongoing working capital needs.