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The
Invoice Finance industry as a whole has gone from strength to strength in
the UK and Ireland. Over 40,000 businesses are using this industry's products
and services, namely factoring, invoice discounting and asset based lending, to
grow their businesses. However, in more recent years it is the advent of asset
based lending which has got everyone talking.
The UK financial market
often follows the lead of the market in the USA, and asset based lending is no
exception. Asset based lending is well established in the USA and is becoming
increasingly so in the UK. Asset Based Lending is when an organisation lends money
to an organisation against their property, plant, machinery, stock, or sometimes
even their brand name. It can be very help at a certain life cycle of a business,
such as an MBO or an MBI, and it is not uncommon for several lenders to work together
in what is known as a 'syndication', to combine the lending power required.
Asset Based Lending is a mature product. There have multi-million pound deals, cross
border deals done, and many multi-national companies are waking up to the realisation
that this is a very flexible and exciting financial product.
To read about some recent ABL deals, please click here to download an ABL brochure.
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