Offering corporates secured financing backed by receivables and other assets.
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Finance powered by your assets
Asset based lending
How can asset based lending help your business?
ABL could be an attractive financing option owing to its flexibility and availability for all corporate purposes and sectors. The lending can be based on: Receivables, Inventory, Plant and Machinery, and Property. We can undertake asset due diligence across all asset classes.
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Security may be required. Product fees may apply. Subject to status, business use only.
Receivables
- Up to 95% of eligible invoices
- Revolving credit facility secured against current assets
- Debt purchase or loan against receivables
- Confidential
- Export funding capability
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Property
- Up to 75% of Loan to Value on all commercial property, both freehold and leasehold
- Amortising term loan secured against fixed assets
- Term loan element will generally not exceed 50% of the total ABL facility
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Inventory
- Up to 70% of cost price of eligible inventory.
- Or 95% of appraised Net Orderly Liquidation Value (NOLV) as advised by an expert third party valuer.
- Revolving credit facility secured against current assets.
- Capable of funding most types of inventory.
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Plant and Machinery
- Up to 85% of ex-situ market value.
- We can also consider in situ valuations in some scenarios.
- Amortising term loan secured against fixed assets.
- Term loan element will generally not exceed 50% of the total ABL facility.
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Our areas of expertise
ABL could be particularly suitable for:
- Event driven financing, including acquisitions by both Corporates and Private Equity Sponsors.
- ABL works alongside other debt structures including traditional senior bank debt (RCFs, Term Loans) as well as Unitranche facilities offered by third party senior lenders (i.e. debt funds).
- Capability to fund exports to over 40 approved territories
Why NatWest?
Our team handles both the execution of transactions and the ongoing monitoring of collateral performance.
Our product is flexible and available for the majority of purposes, sectors and across the credit spectrum to support appropriate capital structures.
We've earnt a strong reputation for our deep market and client knowledge and for our ability to structure and deliver innovative ABL solutions.
Our portfolio and recent successes: due to the way security is structured, ABL truly is sector agnostic. We're proactively targeting opportunities across different sectors to further grow our diverse >£3.0bn portfolio as the deals below demonstrate.
