International Business Agency

Asset Based Lending Audit

As a commercial and asset based lender, you share the responsibility for the quality of your institution’s loan portfolio.

At Ipocampus Holding Odoni Partners, we have experienced field auditors who are ready to evaluate and monitor the volatile nature of your borrower’s loan collateral. We will examine both formula and non-formula based credit facilities of single and/or multi-site borrowers.

Our objective is to provide you, the commercial lender, with focused insight into the integrity of the loan collateral, internal controls and reporting, company management and overall operating performance. We will identify and highlight areas of collateral weakness, deterioration and/or abuse, the adequacy of advance rates, frequency of future audits, and provide appropriate recommendations. 


Our Software

To provide efficient, detailed and accurate results to our audit clients, we use only the highest quality software in the business. Our highly flexible reporting and engagement software provides full annotation capabilities, task management and powerful version control at the document, cell and account level.

Industries Examined 

  • Wholesale
  • Retail
  • Apparel
  • Import & Export
  • Manufacturing
  • Contractors
  • Professional Services
  • Textiles

Areas of Expertise

  • Traditional collateral field examinations
  • Consumer finance field examinations
  • Premium finance field examinations
  • Floor plan field examinations
  • Accounts receivable confirmations
  • Takedown field examinations
  • Accounts receivable aging analysis and ineligible calculation
  • Training borrowers to complete borrowing certificates and calculate ineligibles

Levels of Service

Our field audits encompass various conditions/stages of credit, including:

  • Conducting collateral field examinations to identify areas of collateral weakness, deterioration, risks and/or abuse
  • Assessing risk and the adequacy of advance rates
  • Pre-loan surveys and recurring field audits
  • Takeovers
  • Collateral monitoring engagements
  • Specific assignments or special procedures
  • Workouts and liquidations
  • Supplemental auditors, contract field audits and outsourcing
  • Providing appropriate recommendations and structuring a plan of action

Our Commitment to You

You will receive professional, reliable, friendly and prompt service, coupled with a high quality and accurate product designed to complement and enhance your goals. We will respect the confidentiality of our working relationship and will meet the deadlines set. 

Adulting Digest

        Adulting  Digest 

  Making Sense Out Of Dollars

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