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
Telephone: 0161 615 7051
Mobile: 07714 680 182
Finlo Corrin
Email: finlo.corrin@sandersonweatherall.com
Telephone: 0207 851 2140
Mobile: 07901 710669
Robert Wilkinson
Telephone: 0113 369 6078
Mobile: 07836 222 264
