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Asset-based lending (ABL) and factoring contribute an estimated USD 173 billion to annual US real GDP and support 773,000 additional jobs, according to the 2026 Secured Finance Economic Impact Study by the Secured Finance Network (SFNet).
The study puts the combined contribution at around 0.5% of the US economy. It also estimates that these financing mechanisms increase real disposable income by about USD 940 per household.
ABL and factoring provide working capital to businesses that may not receive enough financing through conventional cash-flow lending. SFNet estimates that around 15,000 US borrowers use ABL, while another 85,000 businesses use factoring. Together, the two financing channels provide access to as much as USD 659 billion in financing.
The study estimates that without these financing options, businesses would lose approximately USD 114 billion in available financing. Another USD 165 billion could shift toward other funding sources, including higher-cost alternatives.
The economic impact extends beyond direct lending activity. According to the study, access to ABL and factoring increases business investment by 2.6% compared with a scenario in which these financing options are unavailable. Consumer spending also rises by 0.3%, while real disposable income increases by approximately 0.5%.
The study estimates that ABL and factoring support 773,000 additional US jobs. The model also indicates a potential 0.4 percentage-point reduction in the national unemployment rate.
Working-capital-intensive industries record particularly notable effects. Economic output rises by an estimated 3.9% in automotive, 1.5% in construction, 1.4% in electronics, 1.2% in wholesale trade, and 0.8% in transportation and trucking. Other studies suggest that 27% of ABL clients and 40% of factoring clients could close without access to these financing channels.
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