Submit Your Application
Provide key details about your business, including the type and value of your assets, through a streamlined application.
Asset Based Lending
Power Growth with the Assets You Already Own
Icarus Fund’s Asset Based Lending helps you scale operations, manage cash flow, and meet demand—on your terms.
Our Impact
We fund businesses that are ready to grow. With over $900M funded across 1,000+ companies, Icarus Fund delivers fast, flexible capital to help you seize opportunities and keep moving forward.
$900M+Funded
81Industries Served
1,000+Businesses Funded
Flexible Capital
Working capital backed by the assets already inside your business.
Flexible Capital, Backed by What You Own
Turn your assets into working capital. With Asset Based Lending up to $50M, Icarus Fund helps you unlock cash from inventory, receivables, or equipment, fueling growth without giving up equity.
Turn Your Assets Into Opportunities
Asset-based financing can support operational needs, meet demand, and convert balance-sheet strength into immediate liquidity.
Get FundedCapacityLoans up to $50M for Asset Based Lending
CollateralReceivables, inventory, equipment, M&E, and real estate
StructureRevolving availability that can grow with your asset base
Client Results
Capital that converts tied-up receivables and owned equipment into momentum.
We had hundreds of thousands tied up in receivables and needed working capital fast. Icarus Fund understood our business, asked the right questions, and built a solution that fit perfectly. This was not cookie-cutter lending; it felt like a partnership.
They reviewed our receivables, walked us through the numbers, and structured a credit line that helped us win our biggest contract to date. It felt like they were rooting for us.
Banks dragged their feet for weeks. Icarus Fund took two days to review our assets and gave us a clear path to funding. We leveraged equipment we already owned and doubled monthly output.
Line of Credit
How the asset-backed line of credit works.
Our line of credit process is simple, strategic, and built for speed. From application to funding and beyond, Icarus Fund helps unlock capital when you need it so you can stay focused on growth, not paperwork.
Secure Your Loan
Upon approval, receive a loan amount based on the value of your collateralized assets.
Business Focused
Put working capital into inventory, operations, expenses, or new opportunities.
Periodic Reviews
Regularly update asset valuations to potentially unlock additional funding.
Finalize Terms
When goals are met, finalize terms and choose whether to continue or settle the loan.
Advance Rates
Advance rates on various collateral
We provide working capital by leveraging accounts receivable, inventory assets, machinery and equipment, real estate, and other collateral for companies generating roughly $2M to $100M of revenue per year.
85%On Accounts Receivable
75%On the Appraised Value of M&E
50%On FMV Real Estate
75%On Net Orderly Liquidation of Inventory
What You Can Expect
Liquidity that scales with your asset base.
Convert inventory, receivables, and balance-sheet assets into working capital.
Flexible structures tailored to your unique asset mix can support smooth cash flow, seasonal shifts, unexpected expenses, and new opportunities.
Learn MoreQuick Convertibility
Turn inventory, accounts receivable, or other balance-sheet assets into quick, usable cash.
Tailored Lending
Get a loan package customized to your asset mix, from inventory to invoices.
Grows With Your Assets
As your asset base expands, so does your access to additional capital.
Easier Cash Management
Navigate seasonal fluctuations, unexpected expenses, and cash-flow timing with more control.
Transparent Terms
Clear terms help you understand the structure before you move forward.
Stay in Control
Track loan status and manage your account securely online.
Good Fit
Asset Based Lending is strongest when assets are available but cash is constrained.
Substantial Balance-Sheet Assets
Businesses with receivables, inventory, equipment, real estate, or other eligible assets that can support borrowing capacity.
Rapid Growth
Companies scaling faster than cash collections, bank approvals, or working capital cycles can keep up.
Bulk Purchase Opportunities
Operators that want to capitalize on vendor discounts, inventory buys, or larger contracts without giving up equity.
FAQs
Frequently asked questions
What is Asset-Based Lending (ABL)?
Asset-based lending is debt financing secured by the value of business assets such as accounts receivable, inventory, equipment, or real estate. It usually works as a revolving line of credit, so you can access capital when you need it.
How does Asset Based Lending work?
ABL is formula-based. A borrowing base captures eligible assets and availability at a point in time. As you generate new receivables, acquire inventory, or update asset values, those assets can become part of the borrowing formula.
What are the benefits vs bank financing?
ABL emphasizes asset value and liquidity instead of relying only on credit history or static underwriting. That makes it useful for businesses with strong receivables or inventory that need faster, more flexible working capital.
What are the benefits vs raising money?
Asset-based loans can fund rapid growth, seasonal needs, and undercapitalized periods without requiring equity, royalties, or investor control. Your business remains your business.
How does Asset Based Lending save me money?
Because the loan is secured by existing business assets, asset-based lending can offer flexible funding and potentially lower rates than less-secured options, helping you preserve cash over time.
How is ABL different from traditional lending?
ABL focuses on the value and liquidity of specific collateral and often provides revolving availability. Traditional lending usually emphasizes creditworthiness, fixed loan amounts, financial history, and repayment ability.