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 just 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 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’re used for a one-time contract, seasonal needs, or the ups and downs of a business cycle.
Advantages of Hitachi Business Finance: