No two businesses are alike and there’s no one size fits all. Each and every client requires their own financing solution. Asset based lending allows you to grow your business on your own terms.
It’s as simple as it sounds: a line of credit based on your assets. Your A/R, inventory, and equipment serve as the collateral for the loan.
Asset-based lines of credit offer working capital for companies that may be growing, are highly leveraged or need more capital than their current lender is willing to offer. Sometimes a company just needs a line of credit to complete that big order or to get over a financial bump in the road. Whatever the reason, manufacturers, distributors and service companies find this financing works well for their business needs, whether they be for a one-time contract, seasonal needs, or the ups and downs of a business cycle.
Advantages of Hitachi Business Finance:
Think asset-based lending is right for your business? Contact us today at (248) 658-1100 or click here.