Partner Article

How to unlock assets & secure business finance

IGF, the leading commercial finance provider for SMEs, is raising awareness about how businesses can gain access to finance by unlocking assets that already exist within their organisations.

This type of alternative finance uses assets such as stock, plant and machinery and commercial property as collateral against a loan. It can also provide a cash flow loan in some cases.

Steps to success: How ABL can work for your business

Start by identifying if your business needs a finance injection, and for what purpose
If considering M&A activity, an expansion, or reinvestment in the business, do you have assets in the business where ABL could be used to unlock their value to meet your requirements
If you have not found the mainstream lenders to be supportive….

Seek out expert guidance, to help you build a finance plan for your business, to understand the level of funding you will need.
Identify areas of your business in which value is tied-up, that would be better used to finance your objectives.
Work with a lender who takes time to understand your business and can provide a funding line tailored to your needs.

John Onslow, CEO of IGF, comments:

“In our experience, SMEs rarely stay still for long. Asset Based Lending can be a great way to finance them through periods of growth and change by providing value against the assets they use in the business in a flexible and cost effective way. ABL works in many sectors including services, manufacturing and logistics where there is often considerable value in debtors, stock or fixed assets.

“SMEs across the UK should consider their financing options and whether they have the assets on hand which could unlock a wealth of funds to help their business reach its true potential.”

This was posted in Bdaily's Members' News section by John Onslow .