With Three-Year Revenue Growth of 190 Percent, ABL Ranks No.
2672 Among America's Fastest-Growing Private Companies
NEW
YORK, Aug. 13, 2024 /PRNewswire-PRWeb/ -- Inc.
revealed today that Asset Based Lending (ABL) ranks No. 2672 on the
2024 Inc. 5000, its annual list of the fastest-growing private
companies in America. The prestigious ranking provides a
data-driven look at the most successful companies within the
economy's most dynamic segment—its independent, entrepreneurial
businesses. Microsoft, Meta, Chobani, Under Armour, Timberland,
Oracle, Patagonia, and many other household-name brands gained
their first national exposure as honorees on the Inc. 5000.
"We've cultivated a team that executes our mission of making
good loans, and this recognition validates not only our recent
growth milestones but our consistent expansion over the past 14
years in private money lending. Today, we're continuing that
expansion across the U.S., and developing new offerings for
broker-partners, and investors," said Kevin
Rodman, CEO of ABL. "I'm proud of our entire team and the
work they've accomplished to help us achieve the success we've
had."
The Inc. 5000 class of 2024 represents companies that have
driven rapid revenue growth while navigating inflationary pressure,
the rising costs of capital, and seemingly intractable hiring
challenges. Among this year's top 500 companies, the average median
three-year revenue growth rate is 1,637 percent. In all, this
year's Inc. 5000 companies have added 874,458 jobs to the economy
over the past three years.
For complete results of the Inc. 5000, including company
profiles and an interactive database that can be sorted by
industry, location, and other criteria, go to www.inc.com/inc5000.
All 5000 companies are featured on Inc.com starting Tuesday, August 13, and the top 500 appear in the
new issue of Inc. magazine, available on newsstands beginning
Tuesday, August 20.
"One of the greatest joys of my job is going through the Inc.
5000 list," says Mike Hofman, who
recently joined Inc. as editor-in-chief. "To see all of the
intriguing and surprising ways that companies are transforming
sectors, from health care and AI to apparel and pet food, is
fascinating for me as a journalist and storyteller. Congratulations
to this year's honorees, as well, for growing their businesses fast
despite the economic disruption we all faced over the past three
years, from supply chain woes to inflation to changes in the
workforce."
In 2024, ABL passed a significant milestone, with its inaugural
revolving securitization of residential transaction loans totaling
over $158 million. This launch, in
addition to the passing of over $2B
in total loan origination at the end of 2023, propelled ABL into an
exclusive tier of private lenders. Today, ABL is focused on
expanding its presence in the 35 states where it operates and
developing new offerings, such as its recently launched Broker YSP
program. With a look toward further expansion in 2024 and beyond,
ABL continues to solidify itself as a leader in hard money lending
for local real estate investors.
About Asset Based Lending
Asset Based Lending was established in 2010, providing fast
bridge financing to real estate investors for the purchase,
renovation, new construction, and long-term refinance of
single-family, multi-family and mixed-use properties. We are a
trusted lender to thousands of investors and have closed over
$2.6B of loans since our
founding.
More about Inc. and the Inc. 5000
Methodology
Companies on the 2024 Inc. 5000 are ranked according to
percentage revenue growth from 2020 to 2023. To qualify, companies
must have been founded and generating revenue by March 31, 2020. They must be U.S.-based,
privately held, for-profit, and independent—not subsidiaries or
divisions of other companies—as of December
31, 2023. (Since then, some on the list may have gone public
or been acquired.) The minimum revenue required for 2020 is
$100,000; the minimum for 2023 is
$2 million. As always, Inc. reserves
the right to decline applicants for subjective reasons. Growth
rates used to determine company rankings were calculated to four
decimal places.
About Inc.
Inc. Business Media is the leading multimedia brand for
entrepreneurs. Through its journalism, Inc. aims to inform,
educate, and elevate the profile of our community: the risk-takers,
the innovators, and the ultra-driven go-getters who are creating
our future. Inc.'s award-winning work achieves a monthly brand
footprint of more than 40 million across a variety of channels,
including events, print, digital, video, podcasts, newsletters, and
social media. Its proprietary Inc. 5000 list, produced every year
since its launch as the Inc. 100 in 1982, analyzes company data to
rank the fastest-growing privately held businesses in the United States. The recognition that comes
with inclusion on this and other prestigious Inc. lists, such as
Female Founders and Power Partners, gives the founders of top
businesses the opportunity to engage with an exclusive community of
their peers, and credibility that helps them drive sales and
recruit talent. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference & Gala, to
be held from October 16 to 18 in
Palm Desert, California, please
visit http://conference.inc.com/.
Media Contact
Parker Molello, Asset Based
Lending, 1 609-279-0050 x114, parker@resoundmarketing.com,
www.abl1.net
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SOURCE Asset Based Lending