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Commercial Funding Enters Asset Based Lending Market

August 04, 2020, 09:00 AM
Filed Under: New Venture

Accounts receivable finance company Commercial Funding Inc. has entered the asset based lending (ABL) market by offering asset based loans for small to mid-market B2B companies.

A national provider of invoice factoring and accounts receivable financing, the company's ABL offering is designed to meet the needs of small to mid-market sized businesses operating in the business-to-business space, Commercial Funding’s asset based loans will typically range from $500,000 to $2,500,000.

James Baugh, Sr. Vice President notes, “Asset based loans will provide additional funding solutions for our existing client base and will help us attract new clients. ABL is a great option for companies with a variety of asset types, including accounts receivable, inventory, equipment, and real estate and is often used when other sources of financing are not available. Companies face a multitude of challenges right now; supply chain issues, financing new growth opportunities, and a number of small to mid-sized banks exiting the ABL market. This opens opportunities for us to expand our services and help our clients meet their financing needs.”

“ABL is a natural complement to our existing line of invoice factoring and accounts receivable financing products,” states company President and CEO Dan McDonough. “Our organization’s financial strength coupled with our operating team’s knowledge and expertise allows us to deliver the funding options that best meet our clients’ objectives.”

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