Asset based lending is a funding solution that is secured against the value of business assets. So whether a company uses expensive machinery or vehicles, these assets can be used to secure additional working capital.
This is a popular option amongst expanding businesses or those that are looking for ways to fund mergers and acquisitions, Management Buy Outs (MBOs), or Management Buy Ins (MBIs). By using the underlying value of their business assets, companies can fund growth and change.
At Aldermore, ABL works in conjunction with invoice finance to provide businesses with an on-going line of credit that grows alongside the company.