Greenwich, CT ABL Solutions: Working Capital Without Debt

October 31, 2017 by CNH Finance, LP in category “Financing”

The business landscape in Greenwich, CT has been going through a change over the past year. Instead of taking out loans, or using cost prohibitive alternative financing solutions such as cash advances, Greenwich area entrepreneurs are finding sources of working capital within their own businesses. Greenwich, CT ABL solutions are providing the capital businesses need, without the burden of debt or hidden fees.

How Greenwich, Connecticut ABL Solutions Work

Greenwich, CT ABL solutions do not directly involve outside capital. Instead, Greenwich, CT ABL solutions create a line of credit by tapping into the value of fixed assets such as equipment, receivables, inventory, facilities, and more. Asset based lending (ABL) has come a long way over the years. Asset based lending is available to businesses across all industries, regardless of size or how long they have been in operation. When local businesses take advantage of Greenwich Asset Based Lending solutions, they get access to a revolving line of credit. Entrepreneurs can access the capital they need, and then replenish the line of credit by paying off the balance. Unlike traditional business lines of credit, asset based lending is structured around the value of fixed assets, instead of some arbitrary rating system.

Greenwich Asset Based Loan Solutions Differ From Loans

Asset based lending works very differently from traditional lending vehicles. First, asset based lending does not place any debt on the books. Second, Greenwich area business owners do not have to use the entire amount of financing offered all at once. Greenwich, CT ABL solutions function just like a regular business line of credit. Local businesses only need to access what they need, instead of stressing over how to repay one lump sum over the course of years. Additionally, there are no hidden fees with Greenwich, CT ABL solutions. When businesses opt for alternative financing, like cash advances, the agreements usually have hidden fees, so it is almost impossible to pay off the amount owed without ending up with a large balloon payment when the terms expire.

Greenwich, CT ABL Solutions For Business Growth

Also, unlike loans and cash advances, asset based lending is designed to promote growth. As a business acquires more assets or increases sales, the spending limit on the line of credit also increases.

If you own a business in Greenwich, CT talk to the specialists at CNH Finance. We offer the most comprehensive asset based financing program for businesses of all sizes, across all industries.

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