Asset based lending can be a valuable tool to the private equity market when aspiring to generate working capital in a business or deleverage their existing investment.
Yet the process of finding suitable lenders can be drawn out, consuming valuable time and resource both for the investor and the management team, with each lender needing to go through its individual origination process and undertake its own due diligence before committing an offer.
Hilton-Baird Audit & Survey’s funding review service offers a one-stop shop. Our experience as independent auditors in the asset based finance market means we can review your client’s existing funding, receivables and inventory, and produce a single appraisal document or information memorandum that interested lenders can rely on to make an informed lending decision.
We can also leverage the experience of our sister company, Hilton-Baird Financial Solutions – a commercial finance broker that specialises in asset based finance. This allows us to run a complete and efficient tender process, from signing NDAs to comparing underwritten term sheets, whilst taking away the inefficiency of dealing with multiple lenders.