A brand paid a $15K audit, plus 25 bps and $1,500 a month in "monitoring fees" o

By David Segal · November 13, 2026 · Curated by George's Blog

A brand paid a $15K audit, plus 25 bps and $1,500 a month in "monitoring fees" on a $1M ABL they never used.

Months later they went to draw. Now it was a $400K line, apparently because of gift card liabilities.

They feel misled, and rightfully so.

ABLs do carry an administrative hassle, with side fees stacked on top.

It sucks to pay fees on an unused line. Let alone on money you ultimately can't even access.