The Commercial Finance Association released its annual Asset-Based Industry and Annual Factoring Industry reports with the aim of providing lenders year-end ‘snapshots’ of their respective industries that can be used to benchmark performance.

Among the findings, total credit commitments rose by 3.7% in 2018. Credit line utilization increased 220 basis points from 2017 to 2018. The Northeast and Southeast were home to 50% of the total outstandings loans in 2018, and total reported asset-based lending employees decreased 2.8% in 2018.

Domestic factoring volume increased 10.4% from 2017 to 2018. International factoring volume decreased 3.0% over the same period. The distribution of factoring types remained largely consistent from 2017 to 2018. The majority of factoring volume continues to be on a non-recourse basis.

Thirty-two CFA members engaged in asset-based lending and seven CFA members engaged in factoring participated in this year’s surveys. Members who participated in the surveys received more detailed reports mapping additional facets of their industry. If you are a member and are interested in participating, please contact Aydan Savaser at asavaser@cfa.com. If you are not a member, please contact James Kravitz at jkravitz@cfa.com to learn about the many benefits of membership.

The makeup of the lenders providing data for this report changes from year to year. Participating members also have the ability to revise their previously reported data. As such, the data presented in this report reflects only organizations who responded during the current data collection cycle and 2016 values reported in this report may not be consistent with the previous year’s reports.