Asset-based finance set to grow by 9% in 2012

Asset-based finance – that’s finance secured on business assets such as asset finance, invoice discounting and invoice factoring – is set to grow by 9% in 2012, says a new survey from the Asset Based Finance Association (ABFA). Their members predict that total funding provided by the industry to UK and Ireland firms will reach a massive £17.2bn in 2012.

There’s been a big trend towards ‘alternative’ forms of business funding over the past few years, partly driven by the troubles in the banking sector and subsequent decline in bank business lending. If this prediction is borne out over 2012 then it will firmly cement this market direction.

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