All articles by Evette Orams
Evette Orams
Asset based finance bucks the trends
Brokers have an opportunity to deliver more asset based finance solutions for SMEs in a market where bank loans are in short supply, writes Hilton Bairds Evette Orams The latest figures from the Asset Based Finance Association (ABFA), which collected the data from 41of its members and associates from the UK and Ireland to produce the report, deliver encouraging news for asset based finance users
Asset-backed finance supports SME growth
Renewed concerns about the state of the UK economy were sparked by the Office for National Statistics shock announcement of a 0.6% contraction during the final quarter of 2010.
Asset-based lending grows in double digits
The latest quarterly statistics from the Asset Based Finance Association (ABFA) demonstrate the benefits of targeted cash flow support in the current economic climate. Asset-based finance clients have seen an increase in sales of 11% over the past 12 months to £54.4bn (64bn)
IF driving economic recovery
Evette Orams, managing director of Hilton-Baird Financial Solutions, reviews the latest figuresfrom the Asset Based Finance Association and finds some positive news. If you are looking for positive proof that the economic recovery is actually impacting on the trading performance of the UKs 4.7m small and medium-sized businesses, look no further than the latest Asset Based Finance Association (ABFA) figures for the first quarter of 2010. The new industry figures show a clear rise in demand for factoring and invoice finance (IF) services compared to the first quarter of 2009 and suggest asset-based finance is equipping small- and medium-sized interprises (SMEs) with the tools they now need to seek new business and fulfil orders.