Collection Services

When an asset based line of credit goes into default, collectability of the collateral is always questionable.  Unlike commercial real estate or equipment, the economic life of the underlying collateral is typically 30 days or less.  Waiting a week or more could result in 25% or more of the underlying collateral vanishing.

Benefits of using ABLS Collection Services:

  • ABLS maintains source documentation enabling us to pursue collection from account debtors directly.
  • Fast response team used to effect direct notification.
  • Documentation assistance provided to Lenders in order to maximize collectability of accounts.
  • Remittance to a lockbox account with same day image reporting and reconciliation to borrower and lender.
  • Expertise in collection of ABL credids.