TULA Capital delivers flexible asset-based lending solutions from $5M-$100M, combining cutting-edge technology, proprietary lender intelligence, and decades of relationship capital to secure optimal terms 40% faster than traditional advisors.
We don't just introduce you to lenders—we architect optimal financing solutions using proprietary technology, market intelligence, and relationships that take decades to build.
Our technology platform tracks 150+ ABL lenders in real-time—appetite, advance rates, pricing trends, approval patterns, and hidden requirements. We know which lenders will compete for your deal before you make contact.
Our team has placed $2.5B+ across every major ABL platform. Lenders return our calls immediately, expedite approvals, and stretch terms for TULA clients because we bring them quality, pre-vetted opportunities.
Time kills deals. Our streamlined process, pre-formatted materials, and lender management expertise compress timelines by 40% vs. traditional advisors. We close most ABL facilities in 30-45 days—not 60-90.
A proven, efficient approach that maximizes leverage while minimizing your team's time investment.
We analyze your collateral base, financial performance, and growth trajectory to determine optimal structure and likely advance rates. Our technology instantly benchmarks your profile against 150+ lenders to identify best-fit partners.
Output: Financing sizing, expected terms, target lender shortlist (5-7 optimal candidates)
We create lender-ready materials: executive summary, historical financials with ABL-specific formatting, collateral schedules, borrowing base projections, and industry context. Everything lenders need to make quick decisions.
Output: Complete CIM, financial package, field exam prep checklist
We simultaneously engage 5-7 lenders through direct relationships, managing communications, answering questions, and orchestrating site visits. Our reputation accelerates responses—most lenders return initial IOIs within 7 days.
Output: 3-5 term sheets with detailed comparison analysis and negotiation recommendations
We leverage competition to optimize terms—not just pricing, but advance rates, covenant flexibility, fee structures, and reporting requirements. Our database of 500+ ABL deals informs every negotiation point.
Output: Signed term sheet with optimal economics and partnership fit
We manage the field exam, coordinate with auditors and legal counsel, respond to diligence requests, and proactively address issues before they become problems. Our experience prevents 90% of common closing delays.
Output: Smooth diligence process, documented facility ready for closing
We coordinate final documentation, manage closing logistics, and remain available post-close for amendments, covenant waivers, and facility expansions. Our clients view us as their long-term capital partners.
Output: Funded facility, ongoing support for relationship management
TULA structures ABL facilities for established, growth-stage, and transitional companies across diverse industries.
Real transactions closed by TULA Capital in the past 18 months.
Refinanced restrictive bank facility with flexible ABL. Improved advance rates from 75% to 85% on receivables, reduced pricing by 150bps.
Growth facility supporting inventory buildup for retail expansion. Negotiated 60% advance on inventory vs. industry standard 50%.
Turnaround financing during operational restructuring. Structured covenant-light facility with sponsor support and equity cure rights.
Submit your opportunity for confidential assessment. We'll provide preliminary sizing, terms, and lender recommendations within 48 hours—no obligation.
We're paid by lenders upon successful closing—you never pay TULA directly. Our compensation is percentage-based on facility size, aligning our interests completely with yours. We only succeed when you close optimal financing.
We frequently work alongside existing relationships. Our value is market testing your current facility against alternatives—you may discover better terms, or gain confidence your current facility is competitive. Either outcome benefits you significantly.
Completely. We sign NDAs, control information flow carefully, and only approach lenders after your explicit approval. Most processes involve 5-7 lenders maximum, protecting confidentiality while maintaining competition. We never publicly market deals.
Three things: (1) Technology—our proprietary lender intelligence platform provides insights traditional advisors lack. (2) Relationships—we've closed billions with every major lender, earning priority treatment. (3) Speed—our process is 40% faster than typical advisory timelines while achieving better terms.
Detailed answers on ABL mechanics, structures, and market terms.
ABL facilities typically finance accounts receivable (75-90% advance rates), inventory (50-65%), machinery and equipment (70-80% of appraised value), and sometimes real estate. Eligibility criteria vary by asset class—receivables must meet aging and concentration tests, inventory must be readily marketable, and equipment must have established secondary markets. Intangible assets like intellectual property generally aren't included in traditional ABL borrowing bases.
Timeline depends on complexity and borrower readiness. A straightforward domestic ABL facility with clean collateral can close in 4-6 weeks. Multi-jurisdictional facilities or complex intercreditor arrangements may take 8-12 weeks. Key factors include collateral audit timing, third-party consents, real estate appraisals, and advisor coordination. Having clean financial records and organized collateral documentation significantly accelerates the process.
Yes, ABL can be structured as either senior debt or junior to existing facilities. When subordinated, intercreditor agreements govern lien priorities, payment waterfalls, and enforcement rights. FILO (First In Last Out) structures are common, where the ABL lender has a first-priority lien on working capital assets but subordinated payment rights on term debt collateral. Alternatively, ABL can refinance existing facilities or sit alongside on different collateral pools with carefully defined carve-outs.
ABL covenants focus on asset quality rather than earnings metrics. Standard covenants include borrowing base calculations (tested weekly or monthly), minimum availability requirements (typically 10-15% of the facility), and material adverse change provisions. Financial covenants, when included, typically test only when availability falls below a threshold (springing covenants). This makes ABL more flexible than cash-flow term debt for companies with variable earnings but strong asset bases.
Borrowers submit regular borrowing base certificates (weekly, bi-weekly, or monthly) detailing eligible collateral. The lender applies advance rates to eligible assets after reserves and exclusions—ineligible receivables over 90 days, concentrated customer exposures, non-marketable inventory, etc. The borrowing base determines maximum facility usage at any given time. Field exams (typically annual or semi-annual) verify certificate accuracy. Availability fluctuates with business cycles, providing flexibility during seasonal peaks while maintaining asset coverage.