title = "Asset-Based Lending (ABL) and Borrowing Base Certificates"

content = """
Asset-Based Lending (ABL) is a specialized form of commercial financing where the
loan amount is primarily determined by the value of a company's liquid assets,
rather than its cash flow alone. This is ideal for companies with high growth or
seasonal needs but thinner margins.

**The Borrowing Base Certificate (BBC):**
The BBC is a recurring report submitted by the borrower that calculates the
current value of eligible collateral.

**Typical Advance Rates:**
- **Accounts Receivable:** 80-85% of 'eligible' receivables (usually under 90
  days from invoice date, excluding concentrations or foreign accounts).
- **Inventory:** 50% of 'eligible' inventory (raw materials or finished goods,
  excluding work-in-process or obsolete items).

**Monitoring and Control:**
Silver Oak Bank may require 'Lockbox' arrangements where customer payments are
sent directly to a bank-controlled account to pay down the line balance. This
provides the bank with the highest level of control over the collateral's
liquidation.
"""

version = "0.0.1"
