ABL (Asset-Based Lending) Documentation

Asset-Based Lending (ABL) documentation refers to the paperwork required for loans secured by movable assets, like inventory or receivables, rather than real estate. This documentation includes financial statements, asset appraisals, and loan agreements, outlining the terms of the loan, interest rates, and repayment schedules. It ensures that lenders have a clear understanding of the borrower's financial health and the value of the assets used for collateral. Proper documentation helps manage risks and protects both the lender's and borrower's interests by clearly defining obligations and rights.