| Is Asset-based Financing Right For You? | ||
| Does your business have slow paying
customers putting your growth or survival at risk? Do you need to
leverage your current assets in order to expand? Could your business
increase sales by offering better terms to your new and larger customers?
Are you spending too much time collecting from slow paying customers
and not enough time building your business? Is the bank turning you
down for traditional financing due to years in business, profitability,
lack of leinable assets, or financial strength? These are problems many businesses face that can be solved with Asset-based Financing. Factoring The major advantage of factoring is that it gives you working capital without giving up equity or taking on debt. Is a financial service that allows you to sell your outstanding receivables to a financial institution called a Factor, and receive immediate funding for a small factoring fee. If your business sells products or services to other businesses or governments on credit terms, you have the option to factor your receivables and eliminate the long billing cycles that put a strain on your cash flow. Here you can learn how this financial service can help your business whether you are growing fast or just struggling to survive. Asset-based Lending You may find ABL a good fit for you, if your business is cyclical, suddenly receive huge orders to fill, entering a high-growth industry without an established credit histor, or if you are financing an acquisition or management buy-out. In addition you will receive significantly more
funds than through a bank loan. Your leverage can be a lot higher
than in a cash-flow deal. More information on Asset Based Lending: |
"Asset-based financing allows you to use your existing inventory, equipment, and/or accounts receivable to access additional working capital" |
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