What is cross border asset based lending?
Cross border asset based lending is very much in demand in today’s global market, releasing working capital against the value of a range of business assets to provide cash flow support to importers, exporters and anyone wishing to trade overseas.
It’s an international lending facility that typically advances cash against debtors, based either domestically or overseas, through invoice finance, whilst other asset based finance products can be incorporated to provide funding against commercial property, stock, equipment, plant and machinery.
What are the benefits of cross border asset based lending?
- Cross border asset based lending companies release working capital tied up in a company’s assets, whether in the UK or overseas.
- It enables businesses to take advantage of Forex (Foreign Exchange) facilities to manage currency transactions and mitigate fluctuations in exchange rates.
- Currency bank accounts will enable better time management in terms of accessing international payments.
- The asset based lending company will have a great knowledge of, and often presence in, the local markets.
- A credit insurance element can be incorporated into the cross border asset based lending facility.
Is cross border asset based lending right for my business?
Deciding which cross border asset based lending facility from which lender will best suit your business’ cash flow requirements can be time-consuming.
With more than 13 years’ experience of the invoice finance and asset based lending markets as the UK’s leading invoice finance broker, and with a presence in Poland and Germany, Hilton-Baird Financial Solutions could identify the international lending solutions that will help your company reach its full potential.
Call us on 0800 9774833 or email info@hiltonbaird.co.uk to find out how we can help your business grow. Alternatively, get an asset based lending quote.
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