Record levels of asset based lending shows businesses are ready for growth

The number of British businesses taking advantage of asset based finance to support their growth ambitions has increased, according to new figures that prove the popularity of this traditionally under-appreciated source of funding.

The latest research from industry body, the Asset Based Finance Association (ABFA), showed that the overall amount of funding provided to business through asset based finance rose by £260m in the past year to stand at £19.7 billion at the end of December 2015.

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