Asset-Based Lending Becomes Key to Finance Director's Toolkit; Mark Harris, Head of Corporate at HSBC in the Midlands, on the Growth of Asset Based Lending

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Byline: Mark Harris

Asset based finance is increasingly forming part of the discussions that we regularly have with our clients, advisers and the professional services community.

Finance directors view it as an important part of their funding toolkit and asset based finance is a common component of everyday working capital solutions.

It is a flexible and cost-efficient method of funding corporate activity, be it expansion into new markets, funding an acquisition or investing in equipment or staff.

Obviously, the traditional sources of funding still remain, including bank loan, overdraft, venture capital and private equity, but there has been a clear trend in recent …