| What are Asset Based Loans? |
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Written by admin, April 28th, 2011
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There is so much fancy terminology in the financial world. We’ll help you decode it here!You are looking to expand your business right? But you don’t have the money to do it and you’re in a bit of a pickle. You have come to the perfect place. Greenfield Credit’s asset based lending will give you the power to keep your company running with capital for payroll, purchasing more inventory and the capacity to fulfill all your business goals. So what is this complicated sounding term anyway? Asset based lending means we provide you with a line of credit based on your assets, the things you already have. In short, Greenfield uses your material possessions to establish credit so you can buy the stuff you need for your company. It’s just that simple. What can we use as collateral? There is so much to choose from, things you use everyday in your business. Greenfield counts your finished goods and products as assets. Also on the list of usable possessions are the equipment and whatever machines you use to create those finished goods. Real estate is also collateral. So wherever you operate your business will count towards your line of credit. All personal assets are pilled into the lump too—and we know you have lots of those—your place of residence, car, office equipment and more. When you see your stuff this way, through the lens of Greenfield Credit, you’ll realize you have lots under your belt to start a solid line of credit. We offer lines of credit in revolving credit, accounts receivable and inventory. With Greenfield you can make transactions from $500,000 up to five million dollars. Yeah. Millions. That’s just how we work. GreenFieldCredit.com has all the instructions and forms you’ll need to get started. You can even email or fax in your application. We understand your need to get things done quickly. Read through the lending requirements tab to make sure you’ve got all the paper work. We’ll do the rest.
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