Asset-based Lending at EverBank

EverBank's Asset-based Lending (ABL) program offers a flexible, scalable financing solution designed to convert a company's assets into working capital. Tailored for middle‑market businesses, seasonal companies, turnaround situations, and growing enterprises, EverBank ABL provides predictable liquidity by leveraging accounts receivable, inventory, equipment and, in certain instances, real estate. This product is structured to support operational needs, stabilize cash flow and fund growth while preserving ownership and strategic control.

Key Features

• Revolving credit facilities: Access a committed line of credit that rises and falls with the level of collateral, providing ongoing liquidity for working capital.
• Term loans: Combine short- or intermediate-term loans with the ABL facility to fund acquisitions, equipment purchases, or one-time capital needs.
• Flexible advance rates: Advance levels are set according to asset type and quality—receivables, inventory, and eligible equipment each carry distinct advance percentages determined by underwriting.
• Collateral-focused underwriting: Concentrates on quantifiable collateral values and ongoing collateral monitoring rather than solely on historical cash flows.
• Customized reporting: Tailored reporting and borrowing base certificates to match the complexity and seasonality of the borrower’s operations.
• Seasonal and swing lines: Accommodations for cyclical businesses with seasonal financing structures and temporary over-advances as appropriate.

Eligible Collateral

EverBank ABL typically accepts a broad range of asset types as collateral, enabling borrowers to maximize liquidity without unnecessary dilution of equity:

• Accounts receivable, including domestic and, in some cases, approved foreign receivables
• Inventory, including raw materials, work-in-process and finished goods (subject to valuation and location criteria)
• Machinery and equipment, eligible based on age, condition and appraised value
• Commercial real estate and digital assets in limited circumstances and subject to separate underwriting
• Certain contract rights, intellectual property and other tangible assets where legally enforceable

Benefits for Borrowers

• Enhanced liquidity: Convert illiquid balance sheet items into cash to meet payroll, pay suppliers, and seize growth opportunities.
• Scalable financing: Borrowing capacity grows with the business—the more eligible assets you generate, the more liquidity becomes available.
• Operational flexibility: Use funds for everyday working capital, seasonal inventory build, or one-time strategic investments without giving up control.
• Preserve equity: Asset-based loans are often a preferable alternative to equity financing for owners seeking to avoid dilution.
• Predictability: Transparent advance rates and reporting cadence help finance teams plan cash flow with greater certainty.

Industries We Serve

EverBank works with a variety of industries where tangible assets underpin ongoing operations, including manufacturing, distribution and wholesale trade, retail, business services, automotive, food and beverage, healthcare suppliers, and certain technology and professional services firms with asset-backed revenue streams.

Underwriting and Eligibility

Underwriting focuses on the quality and collectability of collateral, business fundamentals and industry dynamics. Key elements considered include the composition and aging of receivables, inventory turnover and valuation, equipment condition and marketability, concentration risk, customer credit quality, and the strength of management. Documentation requirements typically include financial statements, accounts receivable and inventory reports, equipment schedules, insurance certificates, corporate organizational documents, and accounts aging reports.

Pricing and Fees

Pricing for EverBank’s ABL facilities is competitive and reflective of the facility size, collateral mix, borrower credit profile and the degree of covenant or reporting complexity. Fees may include commitment fees, facility and administrative fees, asset verification costs, and customary closing expenses. Advance rates and pricing tiers are negotiated to align with the company’s cash flow volatility and asset concentration.

Risk Management and Controls

EverBank combines experienced credit underwriting with rigorous collateral monitoring to manage risk. Typical control mechanisms include field examinations, periodic audits, borrowing base reconciliations, lockbox arrangements, ACH sweeps, and concentration limits. These controls protect both lender and borrower interests while enabling transparent and efficient access to capital.

Typical Use Cases

• Accelerating growth through inventory and receivables financing to support new distribution channels or product lines
• Managing seasonal cash flow gaps for businesses with pronounced peaks and troughs
• Facilitating acquisitions or recapitalizations with asset-backed term financing
• Supporting turnaround scenarios where traditional cash-flow-based lending is constrained
• Refinancing higher-cost debt to improve liquidity and capital structure flexibility

How to Prepare

To evaluate a potential ABL facility, EverBank recommends preparing up-to-date financial statements, detailed accounts receivable aging reports, inventory listings, equipment schedules and any relevant contracts or purchase orders. Clear documentation, consistent reporting practices and strong internal controls will help streamline the underwriting process and maximize borrowing capacity.

Why Choose EverBank

EverBank combines deep experience in asset-based lending with personalized service and operational expertise. The bank’s approach emphasizes practical, asset-focused underwriting, flexible structures customized to each business, and proactive portfolio management to help clients convert balance sheet assets into reliable liquidity. Whether a company needs short-term working capital or a long-term financing partner, EverBank’s ABL solutions are designed to support sustainable growth and financial resilience.

Frequently Asked Questions

What determines my borrowing base? Borrowing base calculations are based on approved collateral types and advance rates applied to eligible receivables, inventory and other assets, adjusted for reserves and ineligible items. How often is the borrowing base updated? Typically on a weekly or monthly cadence, depending on the facility and operational needs. Are international receivables eligible? Certain foreign receivables may be eligible when creditworthiness and legal enforceability meet underwriting standards. Can I combine ABL with other debt? Yes—EverBank often structures facilities that include both revolving asset-based components and term debt to address acquisition financing or capital expenditures.

EverBank’s Asset-based Lending provides a pragmatic financing option for companies that need predictable, asset-backed liquidity. By focusing on collateral value and operational adaptability, ABL can be a cornerstone of a company’s financial strategy, enabling growth, stability and strategic flexibility.

Address Bank: EverBank Plaza 301 W Bay St Jacksonville, Florida, U.S.
Bank: EverBank
Headquarters: Jacksonville, Florida
Products: Loans & Credit
Type: Asset-Based Lending