Exciting Updates to Our Asset-Based Lending 

As we ease further into Q4 of 2025, we’re reflecting on some of the incredible opportunities, expansions and accolades that the global White Oak team have enjoyed throughout the year. The updates and developments to our Asset-Based Lending facility have been particularly significant, with the closing of a new multicurrency credit facility of up to $125 million USD from Wells Fargo back in February.

In the months since, we’ve strived to build on this success, welcoming integral team members who have the skills and expertise to strengthen the ABL offering even further. 

White Oak UK Asset-Based Lending Team Expansion  

We are delighted to share an exciting update on the continued growth and development of our Asset-Based Lending (ABL) business at White Oak UK. Following the successful expansion of our ABL offering, we are welcoming several talented new team members who will play a key role in driving our next phase of growth.

Jeremy Harrison has joined us as Managing Director, Head of UK Asset-Based Lending (ABL). Jeremy brings extensive experience in building and scaling market-leading ABL businesses, having held senior positions at Bank of America and ABN AMRO across London, Dublin, and New York. His strategic leadership and depth of industry knowledge will be instrumental as we continue to broaden our reach and support more UK businesses.

We are also pleased to welcome Michael Levenstein, who will be joining us as Business Development Director from Investec on 19 November. Michael’s commercial expertise and relationship-focused approach will further enhance our client offering. Additionally, Farida Shields joined the ABL team as an Analyst (Secondee,) bringing strong analytical capabilities and enthusiasm to our growing team.

As we look forward, we also take a moment to thank two valued colleagues for their contributions. Neil Jones, after over five years with White Oak, and Tony McGaw, who will be joining Metro Bank later this month, leave with our sincere gratitude and best wishes for their future endeavours.

These changes mark an exciting chapter for White Oak UK as we continue to strengthen our ABL platform and commitment to supporting business growth nationwide.

FAQs for Businesses

What is Asset-Based Lending (ABL)?

Asset-based lending (ABL) is a flexible form of business finance that allows companies to secure funding using their existing assets as collateral. ABL provides a reliable source of working capital, enabling businesses to manage cash flow, fund growth, or support acquisitions. 

In simple terms, ABL helps businesses unlock the value tied up in their assets to access essential funding for growth and development.

What is Asset-Based Lending?

Asset-based lending is suitable for a wide range of businesses, from SMEs to larger corporations. It’s particularly beneficial for companies: 

• With significant assets
• Setting their sights on rapid growth
• Accommodating seasonal demand 
• Restructuring

How does ABL work?

ABL works by leveraging the value of your business assets to provide secured funding. The lender assesses the value of these assets and extends credit based on their worth. Ultimately, the more valuable your assets, the greater your borrowing potential. 

White Oak UK simplifies this process, offering transparent and tailored ABL solutions that help you release working capital quickly and efficiently, giving you greater financial flexibility to run and grow your business or achieve a specific goal.

What assets can be used for ABL?

A wide variety of business assets can be used to secure Asset-Based Lending. Common examples include:

• Accounts receivable
• Inventory
• Plant & machinery
• Property 
• In some cases, even intellectual property. 

Each asset is valued and used as collateral to release working capital. At White Oak UK, we assess your asset base to design a funding structure that maximises the value tied up in your business and supports your specific goals.

Key benefits of ABL?

Asset-based lending offers several key advantages. It provides quick access to funding, improves cash flow, and grows in line with your business performance. Because it’s secured against assets, as opposed to being an ‘unsecured loan’, ABL can often mean better terms and more lenient funding limits. 

Is my business eligible for ABL?

Eligibility for ABL depends on factors such as your company’s financial health, asset base, and trading history. Generally, businesses with valuable assets like stock, invoices, or equipment are seen as favourable, ‘less risky’ candidates. 

Does White Oak UK offer other business finance products?

Yes, White Oak UK offers a wide range of business finance solutions in addition to asset-based Lending. These include:

• Business loans
• VAT loans
• Invoice finance
• & Commercial development loans, among others. Take a look at the full suite of options here.  

Our goal is to provide flexible, accessible funding options that suit businesses of all sizes and sectors. Whether you’re looking to invest in new assets, manage cash flow, or fund expansion, we have tailored finance products to help your business succeed.

How do I know which financial product is right for my business?

Choosing the right finance product depends on your business’s goals, cash flow needs, and growth plans. ABL may be ideal if you have significant assets and want flexible working capital, while other products like invoice finance could be better if you’re waiting on substantial client payments.  

Secure Steadfast Business Finance from White Oak UK 

White Oak UK has helped SMEs of all sizes scale their operations for almost 40 years. This wealth of experience plays a pivotal role in our current-day capabilities – we offer fast, flexible funding based on your exact needs and requirements. Whether it’s short-term cash flow, investing in infrastructure, or kickstarting your next chapter, we have a solution that can support your business. Find out more by getting in touch with our experts on 0333 014 9000, or check your eligibility online here. 

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If you are looking to find the right finance for your business, contact us today.

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