Asset based lending can be a fantastic way to
raise significant working capital on the back of the assets you already own,
giving you a fresh injection of capital without having to extend overdrafts or
negotiate new loans.
Asset based lending (ABL) can be based on
property, stock, plant and machinery or commercial vehicles. Depending on the
size of your business and the assets you have accumulated, releasing the value
locked up in these assets can provide a serious cash injection.
£11.1
million facility
In one recent assignment, our ABL experts at
Close Brothers Invoice Finance helped one of the country’s leading dried food
importers to raise a £11.1 million facility to fund a management acquisition.
The asset based lending strategy at the core of
the deal was based on the value of the firm’s stockholding of many leading
brands of health food from around the world. The ABL was combined with an
online invoice discounting solution.
Other industries where we have provided
significant asset based lending includes print and packaging, engineering,
manufacturing, transport and haulage businesses.
Criteria
for successful ABL
No two asset based lending deals are ever the
same, but businesses must control suitable assets. This often means that ABL is
more suited to larger businesses.
How
to find out if ABL could finance your business?
If you have money tied up in property, stock,
plant and machinery or commercial vehicles, ABL could be an option for you. To
discuss the possibilities in more detail, you can call one of Close Brothers
Invoice Finance’s experts in complete confidence on 0808 252 0353.
