Compare ^{Pre-Pack Administration Finance} Options For £30k Needs

To use Asset-Based Lending, a business provides a list of valuable assets for lender assessment. Once valued, funding is released—generally from £10,000 to £5 million—for periods between 3 to 36 months. Rates typically range from 6% to 12% APR with a decision usually in 1 to 2 weeks. Manufacturing and retail sectors often benefit from this type due to their significant asset base.

Businesses submit their pending customer invoices. The lender quickly advances a percentage of the invoice value—commonly within three to five business days—and collects remaining balances once customers pay. Typical facilities last from 1 to 12 months, with fees of 1% to 4% above the base rate. This option suits firms in the services and wholesale sectors with reliable receivables.

After an initial assessment and verification of collateral, funds are released rapidly—often within 1 to 2 weeks. Loan sizes range from £25,000 to £2 million, with terms of 1 to 12 months and interest between 0.5% to 2% monthly. This solution is useful for real estate or construction businesses awaiting asset sales to exit the facility.