Record sales of asset based finance to small and medium enterprises are to be welcomed, but too few SMEs are aware of how such funding could accelerate their growth, the merchant and corporate bank Close Brothers is warning. Close Brothers said that while many SMEs are increasingly confident about their prospects for the year ahead,
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Asset based finance to businesses jumps to £22.2 billion in a year
by Owen Gough • • 0 Comments
Asset based finance to businesses is up 13 per cent since last year, hitting an all-time high of £22.2 billion, rising from £20.6 billion the previous year, says the Asset Based Finance Association (ABFA), the body representing the asset based finance industry in the UK and the Republic of Ireland. The ABFA says that a key
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SME manufacturers stuck with unsold stock
by Ben Lobel • • 0 Comments
The Asset Based Finance Association (ABFA) notes that this figure is up from £4.87 billion last year, with the value tied up in unsold stock remaining stubbornly high over the last five years despite hopes that the fragile economic recovery would allow businesses to clear unsold stock. The value of this inventory currently amounts to
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