Entrepreneurial brokerage Norton Folgate has
just launched an Asset Based Lending (ABL) offering, incorporating
several types of commercial finance provision and aimed
specifically at clients in need of corporate restructure.
Managed personally by managing director Robert
Keep, the new product set is designed to bridge the gap between
traditional asset finance and more complex corporate finance
transactions involving equity as well as debt.
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Among the tools Keep intends to deploy for
this purpose are not just asset and invoice finance, but
receivables finance, inventory and stock finance, debenture backed
term loans, commercial mortgages, chattel mortgages and access to a
special “corporate rescue” fund.
At the beginning of April, Norton Folgate was
authorized by the FSA to conduct Corporate Finance business.
Fred Crawley
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