Finding affordable asset based lending in Greenwich, CT can be challenging for new and small business owners. Most traditional lending institutions have prohibitively high requirements to access lending products, which force Greenwich, CT business owners to take on additional debt and compromise their credit ratings.
How Does Asset Based Lending In Greenwich, CT Work?
Asset based lending in Greenwich, CT creates a revolving business line of credit structured around various types of property owned by your business. In the case of asset based lending in Greenwich, CT “property” is defined as machinery, equipment, inventory, and receivables. The value of these items is used to create a line of credit which businesses can access as they need it.
Asset Based Lending In Greenwich, CT Is Different From A Traditional Loan
Traditional loans compromise business credit ratings, and place additional debt on the balance sheets. Because asset based lending in Greenwich, CT is a line of credit, entrepreneurs do not have to take the full amount available all at once, Instead, they can use it as needed. With this improved purchasing power, small business owners have access to the working capital they need to roll out new products, upgrade equipment, take on larger customer orders, or anything else to reach the next stage of development.
Asset Based Lending In Greenwich, CT Is A Zero Debt Solution
When using asset based lending in Greenwich, CT, no debt will be placed on the balance sheets from this financing solution. Zero debt means credit ratings are preserved, so business owners can seek out larger funding if they need it further down the road. Asset based lending in Greenwich, CT is treated just like any other line of credit. Business owners access as much as they need, and then repay it, which “refills” the total amount available.
Asset Based Lending In Greenwich, CT Grows With Your Business
Traditional loans create debt, lower credit ratings, and prevent overall growth. Asset based lending in Greenwich, CT actually promotes business growth. As a business makes more sales and the amount of receivables increases, or if the business upgrades equipment or purchases real estate, the total value of of the property owned by the business will increase the total amount of working capital available through asset based lending in Greenwich, CT. This becomes a positive feedback loop, of sorts. Business owners in Greenwich, CT use asset based lending to grow their operations, and in doing so, the amount of asset based lending grows, which in turn helps the business to grow even more.
Get The Best Asset Based Lending In Greenwich, CT
CNH Finance is committed to providing the best asset based lending in Greenwich, CT. We go over assets that traditional lenders tend to overlook when evaluating a business, to ensure that you get the most value for your property. If you would like to learn more about asset based lending, or any of our other debt-free financing programs, contact our offices today for a no-obligation consultation.
