UK Companies turn to Asset Based Lending
| Date Added: Tue April 10 2007 |
The FDA reports how, increasingly, UK companies are looking to ABL to fund growth.
Results from the FDA, the UK trade association for the invoice finance and asset-based lending industry, shows that organisations are now releasing working capital tied up in a variety of assets. While a large proportion of FDA members are advancing monies against debt, there has been a 70% jump in advances against other assets in the last quarter.
At the end of December the number of clients exceeded 46,000 and total client sales were 16% ahead of 2005 figures, which means the industry is now worth a staggering |
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