Power Growth with the Assets You Already Own

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.

$4.2B+

Committed Capital

$900M+

Funded

81

Industries Served

1,000+

Businesses Funded

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

Loans up to $50M for Asset Based Lending

Unlock the value in your business assets to power your operational needs and drive growth.

Get Funded

“We had hundreds of thousands tied up in receivables and needed working capital fast. Icarus Fund didn’t just offer us money they understood our business, asked the right questions, and built a solution that fit perfectly. This wasn’t cookie-cutter lending it felt like a partnership.”

Lena Morrison

Consumer Goods Distribution

“We’ve worked with lenders before, but none approached us with the same level of understanding and urgency as Icarus Fund. 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.”

John Notion

Commercial Printing & Packaging

“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 to secure a flexible line, and that let us double our monthly output. They kept it simple—and that made all the difference.”

Carlos Mendez

Third-Party Logistics Provider

How 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 you unlock capital when you need it—so you can stay focused on growth, not paperwork.

Submit Your

Application

Start by completing our streamlined online application. Simply provide key details about your business, including the type and value of your assets. Our process is designed to be fast, transparent, and hassle-free.

Get Started Now

Secure Your Loan

Upon approval, you’ll receive a loan amount based on the value of your collateralized assets.

Business Focused

With your new working capital, you can invest, meet expenses, or take on new challenges.

Periodic Reviews

Regularly update your asset valuations to potentially unlock more funding.

Finalize Terms

Once you’ve achieved your goals, we finalize the terms and you can choose to continue or settle your loan.

Advance Rates on Various Collateral

We specialize in unique asset-based lines of credit and provide working capital by leveraging accounts receivable, inventory assets, and even intellectual property, to companies that generate between 2M to 100M of revenue per year.

Asset-based Lending typically offers advance rates on collateral of up to:

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

Our asset based financing solution allows you to quickly convert inventory, accounts receivable, and other balance-sheet assets into working capital. With flexible structures tailored to your unique asset mix—whether invoices or inventory—you gain access to funding that grows as your assets do. This scalable approach to financing supports smooth cash flow, helping you manage seasonal shifts, cover unexpected expenses, and seize new opportunities with confidence.

Learn More

Quick Convertibility

Turn your inventory, accounts receivable, or other balance-sheet assets into quick, usable cash.

Tailored Lending

Get a loan package customized to the types of assets you have, from inventory to invoices.

Grows With Your Assets

As your asset base expands, so does your access to additional capital.

Easier Cash Management

Boost your liquidity and navigate seasonal fluctuations or unexpected expenses with ease.

Transparent Terms

Our clear and fair terms let you know exactly what you’re getting into.

Stay in Control

Track your loan status and manage your account securely online, 24/7.

Is Asset Based Lending a Good Fit?

We work with businesses in a broad spectrum of industries. This is particularly beneficial for businesses that:

Have substantial balance-sheet assets but need cash.

Are undergoing rapid growth and need to finance it.

Want to capitalize on bulk purchase discounts from vendors.

Let's Work Together

FAQ's

FREQUENTLY ASKED QUESTIONS

What is Asset-Based Lending (ABL)?

Asset-based lending or sometimes called an ABL loan is a creative form of debt financing. It allows you to secure a loan based on the value of your business assets. With our asset-based lending program, you can borrow up to 90% of accounts receivable, 75% on the appraised value of M&E, 50% on FMV real estate and 75% on net orderly liquidation of inventory. You are borrowing in the form of a revolving line of credit, which is ideal, because you can use those funds whenever you need money. Since your physical assets are your collateral, there is maximum liquidity and fewer rules. Overall, this is an extremely flexible solution that bridges the buy-and-sell in your business so that you can accelerate your sales cycle.

How Does Asset Based Lending Work?

ABL Is Formula-based. The formula is derived off of what is called a Borrowing base which is a snapshot of your assets and availability at a point of time. As our clients manufacture or acquire new inventory, and as they sell/ generate receivables from sales of that inventory, these new assets become available for inclusion in the borrowing formula.

What Are The Benefits of Asset Based Lending vs Bank Financing?

Asset-Based Lending Is Formula-based. The formula is derived off of what is called a Borrowing base which is a snapshot of your assets and availability at a point of time. As our clients manufacture or acquire new inventory, and as they sell/ generate receivables from sales of that inventory, these new assets become available for inclusion in the borrowing formula.

What Are The Benefits of Asset Based Lending vs Raising Money?

Asset-based loans can be a much-needed source of capital for companies that are rapidly growing, in need of additional funds during seasonal periods, or undercapitalized. Raising money for your business can be a cumbersome, time-consuming process—and you might not have time to waste! And, investors or lenders may require equity or royalties when providing funds to support your business. Simply put, with an asset-based lending loan, your business remains your business.

How Does Asset Based Lending Save Me Money?

With asset-based lending, you can power your business with flexible funding secured by using existing business assets such as inventory, machinery and equipment, and/ or real estate. These loans often have lower interest rates, which means you are more likely to save money over time.

What's The Difference Between Asset Based Lending and Traditional Lending?

Asset-Based Lending (ABL) and Traditional Lending are two distinct forms of financing that differ in their underlying principles and structures. Here are the key differences between the two:

Asset-Based Lending (ABL):

Collateral: ABL is secured by specific assets owned by the borrower, such as accounts receivable, inventory, equipment, or real estate. The lender evaluates and monitors the value and quality of these assets, which serve as collateral for the loan.

Focus on Asset Value: ABL places significant emphasis on the value and liquidity of the borrower’s assets. The credit limit or loan amount is determined based on a percentage of the appraised value of the eligible assets.

Borrowing Availability: ABL provides a revolving line of credit, allowing the borrower to borrow and repay funds within the established credit limit as needed. It offers flexibility in accessing working capital based on the value of the eligible assets.

Traditional Lending:

Creditworthiness: Traditional lending primarily evaluates the borrower’s creditworthiness, financial history, and ability to repay the loan. It relies on factors such as the borrower’s credit score, income, business history, and financial statements.

Fixed Loan Amount: Traditional loans provide a fixed loan amount disbursed upfront. The loan is typically repaid over a predetermined period with fixed monthly installments.

Collateral and Personal Guarantee: Traditional loans may require collateral, such as real estate or equipment, depending on the loan amount and terms. Additionally, personal guarantees from business owners or directors may be necessary to secure the loan.

Overall, the key distinction between ABL and Traditional Lending lies in their approach to collateral and the primary factors considered for loan approval. ABL focuses on the value and liquidity of specific assets, while Traditional Lending emphasizes the borrower’s creditworthiness and financial history. ABL offers more flexibility in borrowing against assets, whereas Traditional Lending provides a fixed loan amount based on creditworthiness and repayment ability.