Despite economic twists and turns in 2023, the asset-based lending market experienced growth in commitments of working capital, according to the Secured Finance Network, which noted that while there were fewer new client deals last year than in 2022, deals were larger in size.
The resilience of the asset-based lending market continued in Q4/23, with lenders holding on to positive sentiment against the backdrop of an uneven economy while closely watching portfolios in 2024, according to data released by the Secured Finance Network.
The asset-based lending market held steady in Q3/23 amid positive developments in the U.S. economy, such as easing inflation, strong consumer spending and a solid job market, according to data released by the Secured Finance Network.
According to the Secured Finance Network’s annual asset-based lending and factoring survey, there was solid growth in commitments and outstandings and strong portfolio performance in the ABL market last year, while the factoring industry proved similarly resilient.
According to data from the Secured Finance Network, Q4/23 was marked by steady confidence in the ABL industry, with lenders maintaining a positive outlook despite persistent inflation and rising interest rates.
According to the Secured Finance Network, since new California disclosure rules were implemented in December 2022, 40% of respondents were found to be “no longer lending” to prospective borrowers who fall within the regulations’ threshold of less than $500,000.
The third quarter saw continued confidence in the asset-based lending market, according to data released by the Secured Finance Network, and that was welcome news as the country wrestles with inflation, rising interest rates and a slowed economy.
According to data released by the Secured Finance Network, asset-based lenders proved resilient in the second quarter despite the economic pain of surging inflation and rising interest rates.
According to data released by the Secured Finance Network in its quarterly asset-based lending index and SFNet confidence index, confidence in the asset-based lending market was positive in Q1/22, but banks and other lenders are watchful of a fluctuating economy.
Confidence in the asset-based lending market held steady in the third quarter as banks and other lenders kept a close eye on the bigger economic picture, according to data released by the Secured Finance Network.