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Showing posts from January, 2023

How Growing Businesses in Vancouver Can Benefit from Asset-Based Lending

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  Businesses can borrow money by using collateral in the form of inventory, real estate, equipment, accounts receivable, or other business-based assets. This type of lending is typically beneficial for businesses that are not eligible for traditional bank loans. For businesses growing quickly , asset-based financing  is a lucrative option. This guide will discuss how. Reasons to Consider Asset-Based Lending Asset-based lending benefits businesses in multiple ways, especially those looking to expand. For instance, access to capital in this type of financing offers additional funding. Moreover, it offers more flexibility than traditional financing by tailoring terms according to your needs. This allows businesses to use their funds as they desire, whether it's for equipment purchases or working capital inventory. If your business aims to improve its cash flow, asset-based financing will provide you with access to funds required to pay invoices and expenses. This will help preven...

Hard Money Loan FAQs―All You Need To Know

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If you're considering getting a hard money loan, you may have many questions about the process. In this article, we’ll answer some common questions about hard money loans and provide you with the information you need to make an informed decision. Read on to learn more! Is a Hard Money Loan Better Than Conventional Bank Loan? When financing a real estate deal or a commercial project, many people consider the option of taking out a hard money loan instead of a conventional bank loan. But is hard money better than traditional financing from a bank? Unlike asset-based lending , commercial bank loans have strict lending requirements  that can become a hassle for business owners. Hard money loans are easier to qualify for than conventional bank loans. They are backed by asset collateral and require minimal paperwork. Hard money lenders are more flexible, making them ideal for borrowers with low credit scores. What Can I Use My Hard Money Loan For? Knowing the answer to this question can ...