About Us
ABL Collateral Services, LLC brings to its clients over 30 years of strong accounting, auditing, and collateral due diligence experience built on decades of experience in both public and corporate accounting environments. Since our inception in 2009, we have completed over 500 field examinations and performed numerous collateral management, internal process analysis, Borrowing Base preparation, and verification engagements.
We continually strive to provide excellent service and quality reporting to strengthen a lender’s ability to make appropriate credit decisions.
Get in touch with us to set up a consultation, or use the contact form at the bottom of this page to inquire whether our services are right for you.
Industry Experience
Allotment and EWA Loans
Apparel
Auto Financing and Leasing
Chemical Distribution
Consumer Medical Finance
Debt Collection
Direct Consumer Loans
Furniture / Home Furnishings
General Manufacturing
Legal Funding
Merchant Cash Advance
Nutraceuticals
Oil & Gas Receivable Finance
Rediscount Lines
Small Business Finance
Staffing
Tax Lien Investment Funds
Transportation and Logistics Finance
Tribal Lending
Wholesale & Retail Sales
Our Work
We provide services to banks, asset-based lenders, factors, investment funds, and private money financiers on an as-needed or pre-scheduled basis. Additional services include assistance with initial due diligence, collateral management, and Borrowing Base preparation, review, and analysis (by contract only).
The scope of any engagement can be tailored to fit the specific needs of a lender as they relate to a particular borrower or prospect and collateral type. We have worked with lines of credit ranging from $100M to $150MM.
Areas of Practice
COLLATERAL FIELD EXAMINATIONS
Field exam procedures include verification of collateral authenticity and detailed analysis and testing of pledged collateral, including:
New Business / Survey
Pre-funding
Recurring
Inventory test counts and verification
Self-examination, for companies seeking initial financing or looking to grow to the next level of financing
ACCOUNTS RECEiVABLE
Review of the selling process from a sales order or sales contract through collection of the receivables
Identify and analyze AR trends – Turnover (DSO), Dilution, Gross and Net Sales
Identify and analyze AR concentrations and potential associated risks
Identify potential offsets to the AR collateral: Contra Accounts, Rebates, Damage and Marketing Allowances, Price Protection covenants
INVENTORY
Review of the manufacturing process from the purchase of raw materials through the sale of finished goods
Identify and analyze inventory trends – Turnover, Inventory Dilution, Cost fluctuations, Purchase Contracts
Identify and quantify potential offsets to the inventory collateral: Slow Moving, Obsolete, Expired, inadequate costing, inaccurate quantity representation
LOANS RECEIVABLE
Review of the origination process from pipeline application through funding and payment collection
Identify and analyze LR concentrations and potential associated risks
Identify potential offsets to the LR collateral: cancellations, overpayments, deferments, unapplied cash, early refinance (refreshing)
Proof of Cash from LR roll-forward originations and collections to processor reporting and cash collections and disbursements
COLLATERAL MANAGEMENT AND REVIEW
On a contracted basis, we will prepare weekly or monthly Borrowing Base Reporting. We can also review and analyze weekly or monthly BBCs prepared by your Borrower. We will verify the accuracy with a detailed review of the amounts reported, inclusive of a review of reported ineligibles.
Please contact us directly for more information.