Who lends at this size
| Lender type | Typical facility | Best for |
|---|---|---|
| High street bank ABL teams | £5m to £100m | Established, profitable businesses with clean accounts |
| Challenger bank growth finance teams | £2m to £30m | Growing businesses, often alongside government-backed guarantees |
| Non-bank and independent ABL lenders | £2m to £50m | Turnarounds, refinancing, higher leverage or quicker decisions |
| Private credit funds | £10m to £100m | Complex structures, acquisitions, or stretch on top of ABL |
Typical terms
| Asset class | Typical advance |
|---|---|
| Trade receivables | Up to 90% of eligible debtors (95% to 100% in some sectors) |
| Stock | Up to 90% of net orderly liquidation value |
| Plant and machinery | Up to 85% of net orderly liquidation value, within the revolving facility or as a term loan |
| Real estate | Up to 80% of market value, within the revolving facility or as a term loan |
Pricing starts from 2% over Bank Rate on the receivables line, on 3 to 5 year committed facilities.
What lenders look for
- A debtor book with spread, clear terms and limited concentration
- Stock that can be valued and sold, backed by an independent appraisal
- Reliable management information: aged debtors, aged creditors and stock reports
- A forecast showing headroom after day one, and a clear plan for any existing lenders
How long it takes
Typically 8 to 14 weeks from first approach to drawdown: indicative terms in 1 to 3 weeks, then credit approval, field audit and stock appraisal, valuations and legal documents.
How GBF runs an ABL raise
We build the lender pack and forecast, run indicative terms side by side across lender types, negotiate advance rates and structure, then manage the audit, valuations and legal process to drawdown.