On today's programme we will delve into the world of asset-based lending (ABL).
Before the financial crisis, ABL was a debt product on the fringes, the place to go when trouble loomed and mainstream lenders had shut their doors. Although still seen as a niche product by many, especially in the private equity community, a thriving community of independent providers have worked hard to change perceptions and show sponsors what they can do.
It hasn’t always been easy. Debt is plentiful and direct lenders have swooped in and rapidly grown market share. But ABL has been making inroads. According to UK Finance, the number of businesses using ABL facilities now stands at 40,000 and the number of larger companies with a turnover of £10m or more
Nicholas Neveling, Editorial Director, Real Deals
Nick Leitch, Managing Director, Business Finance at Shawbrook Bank
Andy Dimmock, Company Director at FRP Debt Advisory