Asset-based lending provides additional cash for your balance sheet
New research by the ABFA (Asset Based Finance Association), shows that more companies are using asset based finance to enhance their working capital. Borrowing money against outstanding invoices, premises, machinery, fleet and even a brand can aid businesses. Kate Sharp, chief executive of the ABFA, talks about the growth of the industry, how it has opened the doors for firms to trade internationally and how it is helping to maintain a consistent cash flow in an otherwise turbulent time.
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