Collateral verification for asset-based lending
Independent, on-site verification of the inventory and equipment behind the borrowing base. Counted, reconciled and documented, so your field exam rests on physical evidence.
30+ years · 2,500+ clients · Projects on every continent.
Where it fits in the loan lifecycle
Pre-funding field exams
Periodic collateral reviews
Borrowing base questions
Amendments & refinancings
The OCC Comptroller's Handbook on asset-based lending notes that field audits happen "before a new account is booked and regularly thereafter—often quarterly".
What we verify
Inventory collateral
Wall-to-wall or targeted test counts; floor-to-book and book-to-floor reconciliation to perpetual records on the count date; raw materials, WIP and finished goods; single or multi-site.
Ineligible inventory
Obsolete, slow-moving and damaged stock flagged on the floor; consigned, in-transit, third-party and off-site locations identified; each exception with location and photo. You apply your eligibility criteria.
Machinery & equipment
Physical verification against the fixed asset register or collateral schedule; existence, location, condition, serial/nameplate detail; barcode or RFID tagging; equipment valuation through CPCON's Valuation Advisory practice.
What you receive
| Deliverable | What it covers |
|---|---|
| Count certificate | population covered, count date and method |
| Variance report | book vs floor by item and location, in Excel |
| Exceptions list | ineligible and unrecorded items, with photos and locations |
| Site observations | storage, condition and inventory controls as found |
Working with your field examiner
We do the physical work on the floor. Your field examiner or financial advisor tests receivables, cash and the borrowing base calculation. One coordinated site visit, one consistent set of evidence for the lender.
| CPCON does | Your examiner does |
|---|---|
| The physical work on the floor. | Tests receivables, cash and the borrowing base calculation. |
Why lenders use an independent count team
Independent
no role in the borrower's books or operations
Fast mobilization
crews scheduled around the lender's timeline
Multi-site
programs across plants, warehouses and 3PLs
Findings of fact
clear evidence, no unsupported conclusions
Confidentiality
All client data is handled under NDA on request.
Coverage
US focus. Headquartered in New York with offices around the world. Projects on every continent.
FAQ
Do you replace our field examiner?+
No. We do the physical count and verification; the examiner tests AR, cash and the borrowing base.
Wall-to-wall or test count?+
Either. Full counts or targeted test counts, scoped to the lender's population and timeline.
Do you decide what's ineligible?+
No. We flag and photograph exceptions; you apply your eligibility criteria.
Can you cover consigned, in-transit or 3PL inventory?+
We identify third-party and off-site locations and can run multi-site programs across plants, warehouses and 3PLs.
Do you verify machinery and equipment?+
Yes. Against the fixed asset register or collateral schedule, with barcode or RFID tagging; valuation through CPCON Valuation Advisory.
What do we receive?+
Count certificate, variance report in Excel, exceptions list with photos, site observations.
Is CPCON independent of the borrower?+
We have no role in the borrower's books or operations.
Scope a collateral count
Independent, on-site verification of the inventory and equipment behind the borrowing base.