Asset based lending in Bethesda, MD is becoming one of the more popular working capital solutions for small businesses in the area. Instead of using traditional loans and taking on debt, Bethesda, MD business owners are leveraging assets within their companies to create a source of working capital which can be accessed indefinitely.

What Is Asset Based Lending In Bethesda, MD?

For those entrepreneurs interested in asset based lending in Bethesda, MD and understanding how it works, the concept is very similar to any business line of credit. At its heart, asset based lending is a revolving line of credit, which businesses can use for purchases such as equipment, inventory, supplies, and even property. Additionally, businesses can use asset based lending in Bethesda, MD just like any other line of credit for bills and other financial obligations. Asset based lines of credit do not place any debt on the balance sheets, and the added purchasing power can actually be used to build business credit ratings.

What Assets Are Used In Asset Based Lending

Asset based lending takes into account a number of different assets. Owned real estate, vehicles, equipment, machinery, supplies, receivables, and other assets are used to create a line of credit, based on the value of those items. By contrast, traditional lenders only look at a few major assets as collateral. Asset based lending makes certain business owners get the most value by taking all assets into consideration.

There Is Always Room For More

Asset based lending in Bethesda, MD is one of the only financing solutions which grows proportionally with your business. As sales increase, as the business acquires new equipment, as everything expands, the spending limit on the line of credit will be reconfigured to match that growth. For growth-focused businesses in Bethesda, MD, asset based lending is the ideal choice. For new and small businesses that want to avoid the hassle and debt of traditional loans, asset based lending can help sustain operations and bring things to the next stage of development.

Get The Financing You Need With Asset Based Lending In Bethesda, MD

If you own a business in the Bethesda, MD area, and want to sidestep the red tape of traditional lenders, contact CNH Finance. We can provide an asset based line of credit to give you the funding you need, without any of the debt or compromised credit ratings of traditional loans.