LenderAnalyzer is the analysis layer under your asset-based lending workflow. Upload the accounts receivable aging, financial statements, tax returns and bank statements, and get the eligible collateral read, the cash flow rebuilt, and debt service coverage, leverage and liquidity computed and traceable to the source document, so the borrowing base and the credit decision rest on verified numbers instead of re-keyed ones.
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Asset-based lending lives or dies on the quality of the collateral read. The loan floats with a borrowing base built from accounts receivable and inventory, and every advance rate, ineligible and reserve traces back to a document somebody has to read: the AR aging, the inventory ledger, the borrower financials and the bank statements that show whether cash is actually being collected. Most ABL software handles the borrowing base mechanics and collateral monitoring well. What it does not do is turn the borrower package into verified numbers in the first place. That step, reading the aging, spreading the financials and tax returns, rebuilding operating cash flow from the transactions, still gets done by an analyst in a spreadsheet, and a single transposed figure flows straight into the availability calculation and the credit decision. LenderAnalyzer removes that step. It extracts every line from the returns and financials, structures the receivables detail, rebuilds cash flow from the actual transactions, computes debt service coverage, leverage and liquidity, and keeps each figure linked to the document it came from. To be clear about scope: LenderAnalyzer is not a borrowing base management or collateral monitoring system and does not run field exams. It produces the verified inputs your ABL platform and your credit committee consume, self-serve from $99 a month.
An asset-based facility is a document-heavy credit. The borrowing base formula is simple arithmetic; the hard part is producing the clean, current numbers that go into it and confirming the borrower can service the line. Here is where the analysis layer carries weight.
A borrowing base advances a percentage of eligible collateral, commonly 70% to 85% against eligible accounts receivable and 20% to 65% of cost or net orderly liquidation value against inventory, following the OCC Comptroller's Handbook guidance on accounts receivable and inventory financing. The advance rate is the easy part. The work is getting to eligible collateral: reconciling the aging to the general ledger, stripping out invoices past 90 days, applying cross-aging so a customer more than a set percentage past due drops out entirely, enforcing concentration limits around 10% to 20% per account debtor, and removing affiliate, contra, foreign and government receivables. LenderAnalyzer structures the receivables detail and spreads the financials so the analyst tests the ineligibles instead of retyping the aging, and the eligible number rests on documents rather than a borrower summary.
A borrowing base can look healthy and still be deteriorating. Dilution, the gap between what is invoiced and what is actually collected through credit memos, returns, discounts and write-offs, quietly erodes the collateral, and lenders respond by cutting the advance rate or holding a reserve. Reading dilution means reconciling billings against collections in the operating account, which is bank statement work. LenderAnalyzer rebuilds the operating cash flow from the transactions with transfers netted out so revenue is not double counted, surfaces average daily balance and negative days as an observed liquidity measure, and detects recurring debt service across accounts, so the cash flow test that sits behind an asset-based line, whether the business can service the facility without burning the collateral, is computed from the record rather than assumed.
Asset-based facilities are re-underwritten constantly: monthly borrowing base certificates, periodic field exams, and an annual renewal that re-spreads fresh financials and a new tax return. When each of those means re-keying an aging and rebuilding a spread by hand, the work slips and the collateral position stays stale longer than it should. When refreshed documents can be re-analyzed in minutes, the cycle holds. LenderAnalyzer is built for that repeat cadence: the same borrower package, dropped in each period, comes back spread and reconciled, which is where the hours actually go in a monitored ABL portfolio.
Being precise about the boundary matters. LenderAnalyzer does not manage the borrowing base, does not run collateral monitoring dashboards, and does not conduct field exams. Several platforms occupy that space and do it well. Solifi, formerly Stucky, offers ABL portfolio dashboards and automated ineligible calculation from imported agings; ABLSoft and FinSoft's AssetReader specialize in borrowing base certificates, ineligible calculations and field exam reporting; Abrigo pairs ABL with credit analysis and the CECL allowance for community banks. LenderAnalyzer sits underneath those systems, turning the borrower's documents into verified financial inputs, and works alongside them rather than replacing them.
What each tool actually covers for a US asset-based lender. Last updated July 2026. None of these vendors publishes pricing, so confirm current figures directly with them; the pricing column reflects what is publicly available, not a quote we obtained.
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| Tool | What it covers | Borrowing base and collateral monitoring | Borrower document analysis | Pricing |
|---|---|---|---|---|
| LenderAnalyzer This page | The analysis layer: reads AR agings, tax returns, financials and bank statements into eligible collateral, cash flow, DSCR, leverage and liquidity | No. Produces the verified inputs; your ABL platform runs the base | Yes, including bank statement analysis with NSF, negative days and recurring debt detection | Self-serve and published, $99 to $399/mo |
| Solifi (formerly Stucky) ABL | Enterprise ABL portfolio management, dashboards and trend analytics for banks and finance companies | Yes. Imports monthly agings and calculates ineligibles and availability | Partial. Ingests structured agings; not a general document spreader | Quote-based, no public pricing |
| ABLSoft | Cloud ABL and factoring portfolio management with a configurable collateral engine and covenants | Yes. Borrowing base, ineligibles and loan monitoring are the core product | Partial. Collateral and aging focused | Quote-based, no public pricing |
| FinSoft (AssetReader) | ABL ineligible calculation and field exam audit tooling | Yes. Ineligible calculations and borrowing base certificate support | Partial. Aging and collateral analytics, not financial spreading | Quote-based, no public pricing |
| Abrigo | Credit analysis, risk rating, loan origination, ABL and CECL allowance for community banks and credit unions | Yes, within a broader lending suite | Yes. Auto-Spreading uses AI and OCR to extract from tax returns | Quote-based, no public pricing |
Comparison compiled by LenderAnalyzer from public vendor materials, June 2026. Competitor names are trademarks of their respective owners; figures may change, so verify current details with each vendor.
Computed deterministically from every extracted transaction, every figure traceable to its source line.
Computed across the full statement period, carried forward day by day.
Deposits vs withdrawals and net flow, broken down month by month.
Every insufficient-funds and overdraft incident counted, with fees totaled.
Recurring deposits grouped into income streams with estimated monthly amounts.
Debits to other lenders and funders detected and totaled per month.
Days below zero across the period, a direct stress signal.
The biggest credits with dates and sources, concentration flagged.
Automatic red and yellow flags your analysts can review in seconds.
Drop in PDFs, scans or photos, one statement or a multi-month package, from any bank.
Every transaction is extracted, then cash flow, balances, income streams, NSF activity and debt payments are computed.
Read the underwriting snapshot, download the Excel report, or pull structured JSON into your LOS via API.
28 lending document types extracted out of the box, build the complete picture of an applicant's financial situation.
Common questions from lending and credit teams.
Asset-based lending software helps a lender build and monitor a borrowing base: it imports accounts receivable agings and inventory reports, calculates ineligibles and advance rates, tracks availability against the loan balance, and manages field exams and collateral. Some tools focus on that borrowing base engine, while an analysis layer like LenderAnalyzer reads the underlying documents, agings, financials, tax returns and bank statements, into the verified numbers the base and the credit decision depend on.
The lender builds a borrowing base by taking eligible accounts receivable, usually invoices under 90 days to creditworthy customers within concentration limits, and applying an advance rate of roughly 80% to 85%, then adds eligible inventory advanced at 20% to 65% of cost or net orderly liquidation value. Cash flow is a secondary check: the lender confirms the business can service the facility without burning collateral. Availability is refreshed through borrowing base certificates and periodic field exams.
Eligible accounts receivable are typically advanced at 70% to 85%, occasionally up to 90% for high-quality business-to-business receivables with low dilution. Eligible inventory is advanced far lower, commonly 20% to 65% of cost or appraised net orderly liquidation value, because it must be sold to become cash and finished goods advance higher than raw materials or work in process. These ranges follow the OCC Comptroller's Handbook guidance on accounts receivable and inventory financing.
Ineligibles are collateral the lender will not advance against because it could not reliably collect it in a workout: receivables past 90 days, cross-aged balances where a customer is materially past due, amounts over the concentration limit, affiliate and intercompany receivables, contra accounts, foreign receivables without credit support, government receivables without Assignment of Claims Act compliance, and disputed or bill-and-hold items. Recalculating them each period against the current definitions is the judgment-heavy part of the work.
No, and that boundary is deliberate. LenderAnalyzer reads the borrower documents into verified numbers: it structures the receivables detail, spreads the financials and tax returns, rebuilds operating cash flow from bank transactions, and computes debt service coverage, leverage and liquidity, each traceable to its source. Borrowing base management, collateral monitoring dashboards and field exams belong to platforms like Solifi, ABLSoft and FinSoft, which LenderAnalyzer feeds rather than replaces.
Larger ABL deals often pair an asset-based revolver with a cash flow term loan, so underwriting means doing both analyses: build the eligible collateral and advance rates, and separately spread the cash flow, compute leverage and coverage, and set covenants. LenderAnalyzer handles the document and cash flow side of both, reading agings and financials into structured numbers and rebuilding operating cash flow, so the collateral report and the cash flow tell a consistent story to the credit committee.
Dedicated ABL platforms are quote-based, and none of the major vendors publishes rates, so cost depends on portfolio size, modules and negotiation, which is why smaller lenders often automate the analysis layer first. LenderAnalyzer is self-serve with published pricing: Starter $99, Plus $199 and Pro $399 per month, with roughly 50% off annually, and it works alongside whatever borrowing base system you already run.
Analyze your first statements free, plans from $99/month, 50% off billed annually.
