Asset Based Lending is one of very few remaining unregulated financial services industries that has grown significantly over the last 30 years and is arguably more diverse than ever before. Readily accessible to the vast majority of SME and larger corporate businesses across all sectors, the industry supports more than 45,000 companies with a variety of working capital solutions.
With such market diversity, it also brings its challenges. Often described as a jungle to the uninitiated, industry language, terminology and contractual interpretation can vary significantly from lender to lender.
Whilst the principles of products and services are similar across the industry, the small print and detail of the facility particulars embedded within legal agreements and general terms and conditions will inevitably set the tone of the Client and Lender relationships.
Many entrepreneurs avoid seeking advice when engaging with this type of finance on the presumption that all Lenders are broadly the same and the differentiator is purely cost, not realising that there are many variables that can determine whether a facility will work or not.
Making the wrong choice can be costly as most lenders operate annualized agreements with early termination penalties not to mention the less tangible aspects of business interruption if cash flow is unduly impacted.
The Finance Exchange is an industry leading ABL advisory business, where our expertise are purely focused on aligning your specific business and finance requirements with the right lenders and then helping you to achieve the right terms and facility structures for your business. Given our ‘analytical’ and ‘attention to detail’ approach, we are used to working with management teams and ‘taking the strain’ with prospective lenders, whilst allowing you to focus on your business.
If you think your business or Client could benefit from asset based lending, why not contact us. We are totally independent, and provide fast, professional and impartial advice.