Straight talk on ABL
We’re not doing you a favor
Many lenders take a cookie‑cutter approach to evaluating loan transactions. They may be interested in only the most easy‑to‑value, easy‑to‑monetize assets, or may limit your borrowing base to a point where it feels like you’re essentially overextended, or leave the impression that it’s a hassle for them to do any unusual underwriting or stay connected after the closing.
We don’t buy it—and we don’t think you have to, either. The reality is, asset‑based senior loans can be great for lenders. They may require extra diligence on our part, but they give us a lot of security. And if they’re great for a lender, they ought to be just as great for your company as the borrower.
That’s the Legacy vision of asset-based lending: Providing the borrower the strongest deal the lender can offer, not just the weakest deal the borrower will take!
It’s a true two‑way partnership—that’s how Legacy lends.
Could your business get a bank loan?
Legacy Corporate Lending’s mission is to make asset-based funding more advantageous for middle-market businesses than it has ever been—and that includes many businesses that could, if they chose to, access traditional commercial bank asset-based loans.
Non-bank asset-based loans are sometimes thought of as “alternative,” “second-best,” or even “last resort” compared with bank loans—but when structured according to the strengths, needs, and opportunities of a specific business, that does not have to be the case.
We think businesses should be able to use their assets like they’re assets. The speed, flexibility, often-greater available funding, and enormously more supportive relationship can make a loan from Legacy the preferred route even when a business is eligible for a bank loan.
Tell us what’s most important to you—and we’ll work with you to find your best solution.
Our underwriting focuses on people.
#1 People first
You and your team have the vision and drive to achieve your goals.
#2 Your Plan
You know what it will take to elevate your business.
#3 Collateral
The assets back up the transaction—they don’t determine when Legacy lends.