Close Brothers Commercial Finance is the only provider of ABL (asset-based lending) in the Irish marketplace, a funding instrument that has become very popular in Britain in recent years.
Paul Stephens, head of sales, ABL, with Close Brothers said: “In Britain, SME lending has evolved significantly to ABL with post-credit crunch high street, merchant and challenger banks all focused on ABL offerings.
“Our ABL offering blends invoice finance with funds released against property, inventory...
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