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£11.5m refinancing of converted office block secured for complex ownership structure
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Shawbrook has announced significant enhancements to its asset-based lending (ABL) proposition to simplify and speed up the process of UK businesses unlocking the substantial value tied-up in both hard and paper assets.
The lender has streamlined its ABL offering, encompassing multiple asset classes, to deliver solutions that offer certainty through a simpler mix of revolving and term debt options. This eliminates a significant layer of complexity in ABL transactions caused by disjointed facility documentation for each asset class, which has been a significant barrier to wider adoption since it came to market in the mid 1980’s.
To widen the scope of the ABL facility to support a broader range of asset-heavy businesses and funding needs, Shawbrook has also removed the cap on collateral mix for businesses. The changes come as Shawbrook seeks to support businesses looking to optimise their cashflow ahead of economic uncertainty, but also to increase the viability of ABL as an option for businesses wanting to achieve long-term strategic goals.
What does Shawbrook offer?
Shawbrook helps our clients with creative funding solutions with its unique approach based on flexibility, fast decision making and great service throughout the transaction. It provides development finance, commercial mortgages and business finance.
Some of the assets and sectors the lender funds include:
- Transportation
- Plant and machinery
- Sustainable Energy Projects
- Manufacturing and Engineering
- Healthcare Assets and Residential Care
- Marine and Aviation
Call Trinity Specialist Finance to secure funding on 020 7016 6151 or book a consultation
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