Asset-Based Loan

An asset-based loan is a bank loan secured by assets of the company and can be a great option when real estate collateral is not available. A wide range of assets can be used – from inventory to equipment to accounts receivable. Typically, up to 85% of the asset value can be financed.

Apply for an Asset-Based Loan

ABL Loan Calculator

Amount Seeking
Desired Term
Estimated Monthly Payment
Loans up to
Term lengths between
2 - 10 years
Interest from
Funding within
90 Days
Collateral keeps the interest rate low
Ability to leverage a wide range of assets

What You Need to Get Started

Minimum Qualifications

1 year in business

$250,000 annual revenue

650+ FICO

Sufficient level of un-encumbered assets


Required Documents

Completed application

Most recent business tax return

Inventory list

6 most recent business bank statements

AR/AP aging report

YTD financials

Current debt schedule

Ready to Get Started? Apply Now

My company does consulting work for the federal government. I don’t have a whole lot of traditional assets but I always have a very high level of reliable accounts receivable. Clear helped me get a long term loan at a great rate and I was able to use my AR as collateral.

Julie R. CEO

Frequently Asked Questions

An asset-based loan can be used for many business purposes and is most commonly used for working capital.

A wide range of assets can be used as collateral, including inventory, equipment, accounts receivable, machinery, real estate etc.

The interest rate, in most cases, is fixed. A variable interest rate is much less common.

The underwriting for an asset-based loan can be very extensive with a long review and approval process. We consider this loan to be “relatively difficult” to get approved for.

There is typically no prepayment penalty.

The lender will likely charge additional fees in the form of closing costs, due diligence fees and/or an origination fee.

Payments are made monthly, like most traditional loans.