Asset-Based Lending

 

Additional funding is often required for MBOs, MBIs, leveraged buy-outs, takeovers, and purchase of the assets of companies in distress situations.

 

When companies want to borrow money they normally turn to their bank for additional funding. In the past, banks usually did not take into account machinery assets unless a company’s buildings were not owned, or as secondary security on a chattel mortgage. Today most banks and other financial institutions are more willing to lend against machinery.

 

Nowadays there is also a wide variety of other organisations willing to lend against machinery and stock, often known as asset based lenders.

 

All lenders require asset valuations and this is a Sanderson Weatherall speciality. Our front-line experience in sales is vitally important in this role.

 

There are also many banking and finance leasing companies offering funding for the purchase of new machines, motor vehicles and similar capital assets. We provide residual valuation assessments, marketability and depreciation trend advice to banks and leasing companies; and realisation services at the end of the lease.

 

Naturally we can also provide land and building security valuations through our property colleagues.

 

Principal contacts:

 

Mark Lord

Email: mark.lord@sandersonweatherall.com

Telephone: 0161 259 7051

Mobile: 07714 680 182

 

Finlo Corrin

Email: finlo.corrin@sandersonweatherall.com

Telephone: 0207 851 2140

Mobile: 07901 710 669

 

 

 

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