Topic
Asset-backed financing
Some businesses have a fundamental problem with how banks look at them. The value sits on the balance sheet, maturing inventory, IP, receivables, assets with future sale value, but cashflow lags that value. A Dutch bank can't finance it. Not because it isn't value, but because their system has no slot for it.
An asset-backed structure solves that. Not by convincing the bank, by designing the business for the financier who can price the value.
At Cley Distillery it worked like this: I reframed the business around maturing inventory instead of short-term cashflow. €3M raised in three years.
In this guide
Topics I'll work out here
- 01
Which assets are financeable as asset-backed
- 02
How to value what a bank can't value
- 03
The legal structure, ringfencing, SPVs, securitisation
- 04
Which financiers fit asset-backed propositions
- 05
The Cley case in detail
- 06
When standard credit is still the right call
Full chapters land after launch. Ask on the first call if there's something specific you want to discuss now.