Asset Based Lending (ABL) has enjoyed a 50 per cent leap in popularity in the last twelve months, while interest in bank overdrafts remained static, according to an independent study of accountants by Venture Finance.

 

The Invoice and Asset Based Lender's study asked accountants to rate the attractiveness of various business finance options among their clients, comparing this year to 2007. The findings revealed that ABL is now attractive to more than half (52 per cent) of their business clients compared to only 2 per cent in 2007. Interest in invoice finance has also grown over the same period from 3 per cent to 29 per cent.