| Asset Based Lending And Lines of Credit |
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Written by admin, April 27th, 2011
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For business that have sufficient collateral but may not qualify for a more-traditional bank loan because of insufficient equity, tax liens, or high amounts of accounts payable, Greenfield Commercial Credit can help. As your company transitions back toward conventional financing, Greenfield can provide the working capital for you to continue making payroll and ordering needed inventory. In consideration for our revolving line of credit, Greenfield can provide asset based lending up to $5,000,000 based on your accounts receivable, machinery and equipment, real estate, and personal assets. We can often advance 85% of your company’s eligible accounts receivable and up to 50% of your eligible inventory. During these particularly stressed economic times, Greenfield understands that many businesses have been unsuccessful when approaching banks. Many banks are often reluctant, unable, or unwilling to lend money. To help many of these businesses on their paths to economic recovery, we stand willing to consider a more comprehensive set of options. For over 15 years, since 1995, Greenfield Commercial Credit has been helping companies by provide asset based lines of credit. Many of these companies are growing very rapidly or simply restructuring their operations. We know that time is of the essence while waiting for your loan to close. As such, we work as quickly as possible to provide your line of credit. Generally, we can close your loan within two to three weeks after receiving your financial information. For your convenience, we have provided online forms so that you can complete your application online. Optionally, you can contact one of our account representatives directly or by emailing any of them from our “Contact Us” web page. We invite you to read some of our testimonials online. You may find your company in very similar circumstances as some of our other clients. We look forward to talking to you; let us know how we can help with your asset based lending needs.
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