Asset Based Loans

Meeting businesses where they are.

Leveraging the value of your assets to help meet your financing needs. 

Asset based loans (ABL) are a flexible and cost-effective form of senior debt. Qualifying businesses can use ABL to maximize their debt capacity by leveraging accounts receivable and inventory under a revolving working capital line of credit, often with greater availability than conventional commercial lending. Revolvers are often accompanied by term loans supported by machinery & equipment and real estate.

The team at Rockland Trust has extensive experience helping companies in a variety of industries to achieve their financing objectives utilizing Asset Based loans. We respond quickly with financing proposals tailored to meet the specific needs of your business. We also offer superior cash management services, along with a variety of additional products and services for your company.

Features & terms

Lending capabilities

$3 million to $30 million

Lending purposes

Working capital, refinancing, growth, mergers and acquisitions,  debtor-in-possession, ESOP programs, recapitalizations, turnarounds, emergence financing, import/export letters of credit 

Businesses covered

Manufacturers, distributors, wholesalers, retailers, service companies

Advance rates

Up to 85% on accounts receivable
Up to 85% on inventory
Up to 85% of net orderly liquidation value of machinery & equipment
Up to 80% of fair market value of real estate


3-5 year commitments
5-7 years amortization on machinery & equipment and capital expenditures
15-20 years amortization on real estate

We look forward to hearing from you, and working with you to provide a financing and banking solution to help your business grow.


Get started today

Please contact a member of our asset-based lending team to learn more.

Daniel J. Landers
Senior Vice President, Executive in Charge of Asset Based Lending

Office: 781.982.6240
Cell: 617.834.3354

Dan is responsible for managing the bank's Asset Based Lending business which provides innovative financing structures to businesses in New England and New York. Dan has over 30 years of financial services and banking experience. He previously served as Executive Vice President and Chief Credit Officer of Flagstar Bank and prior to that was at Citizens Financial Group for 13 years, where he served as President of RBS Business Capital in their ABL Division.

Dan is a long-term member of the National and New England Commercial Finance Association (CFA). He volunteers at South Social Services and is a Trustee Associate at Boston College High School.

A graduate of Boston College, Dan currently resides in Milton, MA.

Michael A. Pandolfi  
First Vice President, Asset Based Lending

Office: 413.596.3999
Cell: 413.537.8871

Mike is responsible for the origination of asset-based lending relationships and sale of other corresponding Rockland Trust products and services in New England and upstate New York. Earlier in his career, he served as vice president of asset-based lending at Webster Business Credit Corp, worked in corporate lending at GE Capital and worked for Bank of America.

Mike holds an MBA in finance from Western New England College. An active member of the Knights of Columbus, he lives with his family in Wilbraham.

Joseph Herzog
Vice President, Asset Based Lending

Office: 508.830.3241
Cell: 413.822.9826 

Based in the bank’s Boston office, Joe is responsible for the origination of asset based lines of credit, term loans, and other Rockland Trust products and services throughout New England. Prior to joining Rockland Trust, Joe worked at BDC Capital in a variety of lending roles. Joe is very active in the finance community and is a member of the Commercial Finance Association, Turnaround Management Association, Risk Management Association, and the Association for Corporate Growth.

Joe is a graduate of Bentley University and resides in Boston’s Financial District.