Answering your questions
Our Asset Based Lending solution is a secure loan based on the value of the assets within your business. We'll lend against accounts receivable, machinery and equipment, inventory and real estate.
Asset Based Lending solutions can help you:
Your business might be experiencing fast growth or need more operating capital, whatever you need, ABL loans allow you to tap into your assets to generate the cash you need now. Call us to find our how we can help your business grow.
We have many clients across a diverse range of sectors benefiting from our Asset Based Funding solution. Asset Based Lending gives you the opportunity to leverage funding from your accounts receivable, machinery and equipment, inventory and real estate to gain the working capital you need.
We are committed to helping you grow your business. Our people really do go the extra mile to provide you with a funding solution that is right for your business needs. They work hard to get to know your business and your financial requirements. Our contract terms are flexible and tailored to your needs. We work quickly too, so that you can generate the cash you need, when you need it.
We are a forward-thinking, family-owned business that has experience working with many industries around the world. We work with firms in manufacturing, wholesale and distribution, B2B services, Staffing, Engineering, Recycling and Waste Management, Transportation and Warehousing.
Bibby Financial Services operates from 40 locations, across 14 countries in Europe, America and Asia.
We will advance funds against:
The time it takes to set up a facility with Bibby varies dependent on the complexity of your business. But generally, we can be up and running in a few days.
Here’s how it works – after our initial consultation with you where we get to grips with your business and its financial needs, we review your financial information and then send you a detailed funding proposal based on your needs.
After you sign your acceptance of the funding proposal, due diligence commences, and you receive the legal documents outlining the agreed terms and conditions. After this you receive the agreed funding.
Asset Based Loans are usually easier than qualifying for a bank loan or credit line as the facility is backed by your business’s receivables and assets. You just need to show a show track record of profitability and strong financial controls.
You’ll find that ABL financing has fewer restrictions than loans and credit lines, which means less worrying about staying in compliance, so you can focus on running and developing the business.
The cost of funds is also typically lower with ABL compared to a traditional loan or line of credit from your bank.
We work with firms with annual revenues of $20Million - $150Million looking for funding lines of between $1Million - $10Million.
We work with firms in manufacturing, wholesale and distribution, B2B services, Staffing, Engineering, Recycling and Waste Management, Transportation and Warehousing.
Call us to have a no-obligation confidential chat with our team, who can arrange an appointment, either over the phone or at your premises, with one of our specialists.
After our initial consultation to understand your business and its financial needs, we review your financial information and then send you a detailed funding proposal based on your needs.
After you read our offer and sign your acceptance of the funding proposal, it’s at this point due diligence commences and you receive the legal documents outlining the agreed terms and conditions. After this you receive the agreed funding.
NOLV stands for Net Orderly Liquidation Value and it is the estimated value a business would receive if its assets were liquidated in an organized manner over a period of 6 – 9 months, after sales expense are taken into account.
You should start with the value of the assets stated in your accounts.
You should then rework the NOLV figure for your main assets as you will need to consider economic realities such as:
FMV stands for Fair Market Value and it is the reasonable selling price of assets on the market.
Asset based lending can be more cost effective than a loan or a credit line, however, the interest rate is often not the only fee. To avoid surprises, ask the lender for a complete breakdown of the types of services and fees associated with your facility and how often they get revised. Typical fees include maintenance fee, audit fees, and up-front closing fees.
There are many benefits to working with Bibby Financial Services. You get:
Bibby Financial Services is part of Bibby Line Group, a diverse and forward-looking family business, with over 200 years of providing personal, responsive and flexible customer-centric solutions.
We support over 10,400 businesses world-wide, with more than 40 offices in 14 countries across Europe, America and Asia.
As well as Asset Based Lending solutions, we specialize in Invoice Factoring across many industry sectors and also Transport Finance solutions.
Partner with a funder who knows the ins and outs of your industry
Bibby Financial Services keeps small & medium-sized businesses moving.
Request a quote for B2B financing.