Insights

Inventory financing plays an important role in sectors such as retail, direct-to-consumer (D2C), and manufacturing. This is evident in the growth of the global asset-based lending market, projected to reach $891.89 billion in 2025 and surpass $1 trillion by 2026 .¹ In higher-rate and more volatile environments, lenders have placed greater emphasis on downside protection within credit structures. While cash-flow underwriting remains central to most private credit transactions