Milestone Bank, a national company in equipment finance and SBA lending, launched its new asset-based lending (ABL) division, expanding its credit solutions for small and mid-sized businesses nationwide. The new offering provides revolving working capital lines of credit secured primarily by accounts receivable and inventory.
To lead this expansion, Milestone has hired Daniel Godfrey as senior vice president of asset-based lending. Godfrey brings 23 years of specialized ABL experience, including 18 with Celtic Bank. His expertise spans conventional ABL and government-guaranteed lending (GGL) programs, including SBA CAPLines.
“Milestone has built an exceptional national platform in equipment and SBA financing,” Godfrey said. “I’m excited to expand the institution’s offerings to include ABL for small and medium-sized businesses. Our solutions combine conventional and SBA-enhanced structures, delivering flexible working capital with strong risk controls.”
Mark Yung, president and CEO of Milestone Bank, added, “Adding ABL is a natural next step in Milestone’s evolution. It strengthens our ability to support operating companies with tailored credit solutions — whether they need equipment, long-term capital or short-term liquidity.”
