Greenwich, CT Start Ups Are Using Asset Based Lending

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

Greenwich, CT start ups are known for their lean business models and robust strategies. Start ups, like any other local business, also need financing. With the current challenges Greenwich start ups face in qualifying for loans and other financing plans, many are turning to asset based lending.

How Asset Based Lending Works For Greenwich, CT Start Ups

Instead of dealing with the rejection from prohibitively high bank requirements, and the long processing time for loans, asset based lending offers a faster and friendlier option. Greenwich, CT start ups can leverage the value of their fixed assets to create a revolving line of credit. Asset based lending provides Greenwich, Connecticut start ups with a renewable source of working capital without placing any debt on the balance sheets.

What Are Fixed Assets?

In the case of asset based lending, fixed assets are those items which are owned by Greenwich, CT start ups. Vehicles, computers, equipment, tools, inventory, real estate, receivables, and more are considered fixed assets. Leased property or equipment falls outside of the definition, and cannot be used when determining asset based lending solutions. An in-depth analysis is performed on fixed assets to create a revolving business line of credit.

Financing That Grows With Your Start Up

Bank loans offer a finite amount of financing, wit the added burden of debt. Loans do not promote growth for Greenwich, CT start ups. Asset based lending, on the other hand, actually growth with your business. As Greenwich, Connecticut start ups see an increase in receivables, acquire more equipment and supplies, or purchase larger facilities, the amount of financing available through asset based lending also grows. Asset based lending is designed to reflect success, not hinder it with added debt and impacted credit ratings.

Fast Approval To Keep Your Start Up On Track

One of the major complaints about traditional bank loans is that they take a long time to process. For start ups, this can mean missed business opportunities or a strain on internal finances. Asset based lending can be arranged quickly, so you can access the capital you need, when you need it.

The Best Asset Based Lending Solutions In Greenwich, CT

CNH Finance provides the most comprehensive asset based lending solutions for Greenwich, CT start ups. Our experts will perform an in-depth analysis of your fixed assets, taking into account many items which are overlooked by traditional lending channels, in order to get your the highest value on your line of credit. Contact our offices today to get started.

Image for 'Newport, CA Healthcare Financing Solutions for Working Capital'
Newport, CA Healthcare Financing Solutions for Working Capital

Newport, CA healthcare financing solutions come in many forms. For practices of all sizes, finding an adequate source of working capital can be challenging, and traditional debt-based…

Image for 'Purchasing Supplies: Keeping Stocked Without Straining Finances'
Purchasing Supplies: Keeping Stocked Without Straining Finances

Purchasing supplies is a necessary part of regular operations and necessary for growth and seasonal rushes. However, even though purchasing supplies can impact finances, there are many…

Image for 'Growing Your Business after the Holiday Season'
Growing Your Business after the Holiday Season

Many businesses in the United States see an increase in sales during this last month of the year. In fact, many businesses depend on this push in order to act on growth opportunities…

Image for 'Greenwich, CT ABL Solutions: Working Capital Without Debt'
Greenwich, CT ABL Solutions: Working Capital Without Debt

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…

CNH Finance
24 East Ave #1285
New Canaan, CT 06840
Phone: (203) 266-3210

Business Development
Long Beach, CA 90803
Phone: (562) 833-7815

Business Development
3334 E. Coast Hwy, Suite 541
Newport Beach, CA 92625
Phone: (714) 520-1788

Melinda Ficek
mficek@cnhfinance.com

Maryland Office
3 Bethesda Metro Center, Suite 723
Bethesda, MD 20814
Phone: (301) 529-9993

Steve Silver
ssilver@cnhfinance.com

Business Development
5050 Quorum Drive, Suite 700
Dallas, TX 75254
Phone: (972) 687-9157

Rossi Felix
rfelix@cnhfinance.com