Field-Exams are an on‑site or remote review performed by a lender (or a third‑party examiner) to verify the accuracy, quality, and recoverable value of the assets securing an asset‑based loan, typically accounts receivable and inventory.

Field exams allow lenders to confirm that the borrower’s reported collateral is real, properly valued, and supported by strong internal controls. Examiners review financial records, test transactions, evaluate eligibility, and assess whether operational practices support reliable collateral reporting.