A balance-sheet loan is Close at hand
Close Brothers lead the way with asset-based lending
SMEs are encouraged to think beyond the traditional lenders and traditional facility types, to consider alternative funders and dynamic new funding instruments.
Close Brothers Commercial Finance is currently the only provider of asset-based lending (ABL) in the Irish marketplace. Paul Stephens, head of sales (invoice finance), said: “In the UK, invoice finance has evolved significantly to ABL with post credit crunch high street, merchant and challenger banks focused on ABL offerings.”
Stephens expects ...