web statswebsite tracking software Asset Based Business Lending | 1st Commercial Credit UK

Asset Based Lending

We Offer More Leverage than a Bank

Over 17 Years in Business

Recent Transactions

£100,000

To Small Van Courier providing deliveries in Ireland.

£250,000

To Small fashion importer and exporter

Asset Based Financial Services

Using 1st Commercial Credit’s asset based lending facility, you can raise funds secured on assets that you already own. In the UK, the asset based lending signifies lending to business using assets that are not normally used for other loans. By combining invoice discounting or factoring with asset based lending, you can avail our flexible financing solutions to improve your cash flow in the most cost effective manner. Our asset based lending helps you borrow money based on the value of your assets such as raw materials, stock, debtors, property, plant and machinery. The borrowed money would be helpful not only for your regular business needs but also for any special situations such as financial restructuring, mergers, acquisitions.

Asset Based Lenders Verses Bank Financing

While assessing credit criteria, traditional banks rely heavily on the balance sheet ratios and cash flow projections, 1st Commercial Credit’s decision would primarily focus on your business assets and accordingly your borrowing base would be determined. This would usually result in far superior access to your tangible assets on cheaper credit terms to meet your regular funding needs. Our approach towards asset based lending is to release funds based on assets shown in the balance sheet and coupled with our valuation expertise, you can confidently obtain greater level of finance than the traditional bank financing. With our hands-on experience in the field of asset based lending, we provide larger percentage of finance against various assets that you already own. Thus our asset based lending facility can often raise for you as much as 50 percent more than many of our competitors.

Why Choose Us?

Accounts Receivable Financing is our Business. 17+ years in business

  • Discounting Rates at 1.59% - 3.5%
  • Optional Libor & Admin fee
  • Credit Lines starting at £20,000 & up to 10 million
  • No Financials - No monthly minimums - No invoice minimums
  • No facility fees - No audits - No up-front fees - No hidden fees
  • Set up account in 3 to 5 working days - 24 hr funding thereafter
  • Customer referrals upon your request
  • We Make Same Day Decisions

Asset Based Lending Businesses Benefits

Asset based lending would greatly help your business maintain a healthy cash flow by bridging the gap between your issuing invoices to your buyers and receiving payment from your suppliers. Unlike other forms of facilities like factoring, asset based lending can help protect your confidentiality whereby your customers won’t know you are using the service. Asset based lending offers additional financial headroom by providing an efficient funding tool for every stage of economic cycle and would come in handy when your business is forging ahead with expansion programme. Thus the size of asset based lending would be aligned to your business growth. By unlocking value of your various assets, including sales ledger, asset based lending can facilitate quick infusion of cash into your business to tap your business’ vast growth opportunities.

Request a callback

Request a callback today!

Receivable Financing Rates

Discount Rates at 1.59% to 3.5%

  • Quick Approval Process!
  • No Financials up to $350k
  • Easy Set-Up in 3 to 5 Days
  • Over 17 years in business