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Asset based finance continues to grow despite challenging times

09/09/2012

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...be business growth, but with the exception of manufacturing, expectations of growth have not been fulfilled," Kate Sharp, chief executive of the ABFA, said.

"Although there is funding available from our industry, at the moment many companies lack the confidence to take full advantage of the finance available to them.

“However, with a 23% growth over the past year in advances to companies with less than £500k turnover, it is particularly heartening to see the industry supporting the UK’s economic growth agenda by offering increased financial support to these micro and start-up businesses.”

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