Milestone Bank Launches Asset-Based Lending

New working-capital engine for B2B companies nationwide

Feb. 3, 2026 at 9:39am

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Milestone Bank, a national leader in equipment finance and SBA lending, has announced the launch of its new Asset-Based Lending (ABL) division, expanding its credit solutions for small and mid-sized businesses nationwide. The new offering provides revolving working-capital lines of credit secured primarily by accounts receivable and inventory, helping manufacturers, distributors, production companies, and other B2B operators bridge cash-flow gaps and fuel growth.

Why it matters

The addition of ABL strengthens Milestone Bank's ability to support operating companies with tailored credit solutions, whether they need equipment, long-term capital, or short-term liquidity. ABL is often misunderstood by lenders focused on traditional cash-flow models and real property collateral, but well-structured ABL facilities are among the most secure forms of commercial lending.

The details

To lead this expansion, Milestone has hired Daniel Godfrey as Senior Vice President of Asset-Based Lending. Godfrey brings 23 years of specialized ABL experience, including 18 with Celtic Bank. His expertise spans conventional ABL and government-guaranteed lending (GGL) programs, including SBA CAPLines. Milestone's ABL program enhances the foundation of continuous collateral verification, disciplined controls, and real-time visibility into working assets with robust receivables oversight, dynamic monitoring, and—when appropriate—the added protection of an SBA guarantee or other credit enhancement.

  • Milestone Bank announced the launch of its new Asset-Based Lending (ABL) division on February 3, 2026.

The players

Milestone Bank

A nationwide specialty lender headquartered in Salt Lake City, Utah that specializes in equipment financing, SBA 7(a) lending, and asset-based lending, serving small and mid-sized businesses nationwide.

Daniel Godfrey

The new Senior Vice President of Asset-Based Lending at Milestone Bank, bringing 23 years of specialized ABL experience, including 18 with Celtic Bank.

Mark Yung

The President and CEO of Milestone Bank.

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What they’re saying

“Milestone has built an exceptional national platform in equipment and SBA financing. I'm excited to expand the institution's offerings to include ABL for small and medium-sized businesses. Our solutions combine conventional and SBA-enhanced structures, delivering flexible working capital with strong risk controls.”

— Daniel Godfrey, Senior Vice President of Asset-Based Lending (PRNewswire)

“Adding ABL is a natural next step in Milestone's evolution. It strengthens our ability to support operating companies with tailored credit solutions—whether they need equipment, long-term capital, or short-term liquidity.”

— Mark Yung, President and CEO (PRNewswire)

What’s next

For more information or to inquire about ABL financing, interested parties can email [email protected] or contact Daniel Godfrey at (248) 743-5145.

The takeaway

Milestone Bank's launch of its new Asset-Based Lending division demonstrates the bank's commitment to providing tailored credit solutions to small and mid-sized businesses nationwide, helping them bridge cash-flow gaps and fuel growth through revolving working-capital lines of credit secured by accounts receivable and inventory.