Legal News

Asset Based Finance Boom Sign of Increasing Investment

A sign that the level of business investment in the economy is on the up comes in the form of a report that 'asset based' borrowing to finance business assets and property increased to an all-time high of £4.2 billion in 2014, up 9 per cent on the year before.

Under asset based borrowing, the sum borrowed is secured against specific assets, not part of a general indebtedness such as an overdraft.

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    The wording of such finance agreements can sometimes lead to issues further down the road, especially if the funding is to be varied or repaid early. For advice on the legal implications of any lending agreement, contact us.

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    The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.