In its simplest terms, asset based lending is any form of borrowing that is secured by assets.
For businesses this can mean money advanced against machinery, equipment, inventory or accounts receivable. This can be an effective form of funding for companies that have sound assets but not the cash flow they want to support the business.
How we can help
At Else Solicitors, our banking and finance team specialises in all aspects of asset based lending and receivables finance. We know the marketplace and we have wide experience of acting for financial organisations, corporate borrowers and private equity investors in negotiating and implementing these and other alternative lending transactions.
We understand the intricacies and complexities of structuring asset based lending transactions. Unlocking the capital that is trapped inside your assets can make a huge difference to your business.
Our team has acted for the full range of asset based lenders, both independent and bank owned, and the clients who use such services, from small and medium sized enterprises to large corporate bodies.
We will also act swiftly and decisively to recover assets for lenders, including the use of injunctions where it is appropriate.
For more detailed legal advice on how we can help, please contact the banking and finance team on 01283 526200, alternatively you can send us a message and we will get in touch at a time that suits you.