Asset Finance & Leasing After ING Withdraws From The Market

Asset Finance & Leasing After ING Withdraws From The Market 1 Naturally when ING Lease withdrew from the market in November 2012 it was a big shock to everyone and moreover was going to leave a large gap in the asset finance market.

Yesterday  was the third annual asset finance seminar, hosted by the National Association of Commercial Finance Brokers (NACFB), held at Church House in Westminster where around 100 delegates were in attendance. The significance was that it was the first conference after the withdrawal of ING Lease from the market, so there was plenty to discuss.

The panel addressed the first question: was the withdrawal of ING cataclysmic? The universal response was that it wasn’t as there are now more funders in the market than ever before.

Whilst ING Lease has left a £1 billion lending gap new entrants are entering the Asset Finance & Leasing sector to plug the gap. Being members of the NACFB Enable Finance is pleased to be ahead of the curve with new funding options for its clients.