Monday November 30, 2020

Close Brothers leads the way with asset-based lending

ABL has become popular for a number of reasons

24th April, 2016
From left: Paul Stephens, head of sales, Invoice Finance and ABL; Linda Mallon, client services director, Invoice Finance; Ciaran McAreavey, managing director; Ian McMurray, client services director, Asset Finance; Adrian Madden, head of sales, Asset Finance

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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