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- About usBackAbout usWe combine industry expertise with innovative, flexible funding solutions to support firms across the UK. Our range of products can be tailored to meet business' objectives such as improving cash flow or financing strategic events including mergers and acquisitions.Find out more
What is asset based lending?
Asset based lending blends invoice finance with funds released against other asset classes on your balance sheet, such as stock, property or plant and machinery.
ABL is an excellent option for businesses looking to finance a management buy-out/buy-in, a merger or an acquisition. Alternatively, the extra funds can be used as a contingency, providing additional working capital as and when required.
Funding structure
Our approach is fully bespoke and based on the specific requirements of the transaction and the structure of each business. We fund against both inventory and property on a flexible basis and up to 90% prepayment on accounts receivable.
We are also able to offer an additional funding stream for plant and machinery through our asset finance division, Close Brothers Asset Finance.
For businesses with proof of strong cash generation in the past and with positive cash forecast for the future, a cash flow loan may also be available to top-up funding where required.
Is ABL suitable for my business?
Our asset based lending solution is primarily aimed at larger companies that have a turnover in excess of €6m/£5m and which are looking to raise between approximately €1m/£1m and €75m/£65m to expand, restructure or refinance.
Why choose asset based lending?
- Higher levels of funding than invoice finance alone
- Release working capital against both stock and property
- Additional funding stream available for plant and machinery
- Top-up cash flow finance
- A bespoke solution, designed around your specific requirements
- Financial stability of an independent and well-capitalised UK merchant banking group
Important notice: Please note that the provision of this product or service does not require Central Bank of Ireland authorisation and, as a result, is not covered by the Central Bank of Ireland’s consumer protection requirements.
