State Securities joins The Asset Based Finance Association (ABFA) as a Member

Key points :

• State Securities to raise its Asset Based Lending profile with ABFA Membership
• ABFA Members provide Factoring, Invoice Discounting and Asset Based Lending to over 49,000 businesses

Friday, September 26, 2008 : State Securities is pleased to announce it has become a Member of The Asset Based Finance Association* (ABFA). ABFA is a UK based trade association representing an industry with forty years experience of supplying much needed liquidity to UK businesses.

State Securities joins 45 Full Members and 9 Group Members who provide Factoring, Invoice Discounting and Asset Based Lending to over 49,000 businesses (serving primarily the manufacturing, distribution, transport and service sectors) and transact over £191 billion of clients' invoices each year.

Adrian Taylor, Head of Cash Flow at State Securities said, “State Securities have over 27 years experience in providing Asset Based Lending, including Factoring, Asset Finance and Commercial Mortgages to UK SME’s who can’t obtain finance from traditional sources. ABFA is a leading industry organisation that specialises in lobbying Government, providing industry news, sourcing industry statistics, offering education and training, hosting networking events, providing a directory service on their web site and being a useful hub of information. Therefore, we were keen to associate ourselves with it, to our mutual benefit. Membership should serve to raise our profile to potential customers who could benefit from our products and services and provide a good platform for us to promote ourselves wider throughout the industry”.

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Notes to Editors :

State Securities

State Securities has over 27 years experience assisting business customers who are looking to raise finance for the acquisition of new or used assets, along with the re-financing of assets already owned by the business. It also provides Commercial Mortgages for properties including factories, warehouses, offices and retail outlets and Factoring for State Securities type customers to help improve their cash management and to assist in trying to provide a complete finance package.

State Securities supports a wide range of clients, including public and private limited companies, partnerships and sole traders, and can also help companies that have difficulty in raising finance in a short period of time, for example new start businesses. Additionally, it specialises in assisting businesses in company or individual voluntary arrangements.

Head office : Burlington House, Botleigh Grange Office Campus, Grange Drive, Hedge End, Southampton, Hants SO30 2AF, t 01489 775600, f 01489 775601

Visit www.statesecurities.co.uk

*Formerly known as the FDA