Any experience with ABL (Asset Based Lending)?

April 02, 2025
by a searcher from The University of Michigan - Stephen M. Ross School of Business in San Francisco, CA, USA
Hi all, I am considering a bid on a manufacturing business that leases out its equipment. One thing I am considering as a potential financing option is an asset based loan. Does anyone have experience in this? What are the typical rates? What proportion of the appraised value could you theoretically get? How is the equipment appraised? Thanks in advance for the help!
from The University of Texas at Austin in Dallas, TX, USA
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA