We present preliminary results from our analysis of the form factors for $B\to D^\ast\ell\nu$ decay at nonzero recoil. Our analysis includes 15 MILC asqtad ensembles with $N_f=2+1$ flavors of sea quarks and lattice spacings ranging from $a\approx 0.15$ fm down to $0.045$ fm. The valence light quarks employ the asqtad action, whereas the $b$ and $c$ quarks are treated using the Fermilab action. We discuss the impact that our results will have on $|V_{cb}|$ and $R(D^\ast)$.