Asset-Based Lending

A corporation’s tangible assets can do more than perform their primary business function; an asset can also work on behalf of the balance sheet. The flexibility of an asset-based financing structure can be particularly relevant to small-cap and mid-cap firms in industries where working capital assets dominate the balance sheet (manufacturers, distributors, wholesalers, retailers and business services, for example). Last year, KeyBank's Business Capital team raised nearly $1 Billion in asset-based financing for manufacturers, distributors, wholesalers and more.

Can your assets work for you?

From revolving credit facilities to senior term loans, Key has both the expertise and financial strength to help companies with assets valued at more than $5 million. We can help companies to increase working capital at a reduced interest rate, refinance existing debt, fuel growth, fund M&A, and to increase liquidity during business restructuring, turnaround or recapitalization.

Recent asset-based lending deals provided by KeyBank Business Capital have assisted businesses of a variety of sizes and in multiple industries and locations. Recent examples in this PDF include:

  • Key was Lead Arranger for a $120 million revolving credit facility for a beverage company
  • Key was Lead Arranger for a $100 million revolving credit facility and a $350 million term loan for NN, Inc.
  • Key provided $9 million in senior secured credit facilities for US Sugar Co., Inc.
  • Key closed an $8 million revolving credit facility for
    MLS Freight Logistics LLC

Asset-based lending is a particularly relevant solution for many companies in the following industries:

  • Manufacturers
  • Distributors
  • Wholesalers
  • Retailers
  • Business Services

Asset-based loans can take on many forms. The lending products that have helped our clients the most include:

  • Secured revolving credit facility
  • Short-term over-advance facilities
  • Secured term loan facilities
  • Senior stretch term loans