Choosing a small business lending solution for your company isn’t easy. Any time you borrow money, you’re adopting an increased financial risk. For companies that are trying to finance rapid growth or are already teetering on the edge of financial health, the idea of taking on more debt is both unattractive, and often, impossible. We realize that you’ve worked hard to make your business what it is today, and we want to help you protect and grow that dream.
That’s why asset-based lending solutions are a big part of the work we do here at The Commercial Finance Group. We’ve found that there are some situations in which companies can’t or don’t want to put their physical assets at risk. Asset-based lending allows companies to mobilize working capital by cashing in on their intangible collateral: accounts receivable.
Of course, we can talk about all the ways that asset-based lending will benefit your business until we’re blue in the face, but we’ve found that for a concerned business owner, it’s better to let our past successes do the talking.
Today, we’d like to take a look at one of our previous clients, an aerospace manufacturing company located right here in the Southeast, that left us a remarkable review about how asset-based lending helped their company find their path through a tough financial time. We’ll dissect some particularly important points of the review that we feel speak well to CFG’s overall approach to commercial lending solutions.
Review From A Southeastern Aerospace Components Manufacturer
“We were having cash flow issues, needed additional working capital and were not able to secure additional credit through our bank…”
We love that the review starts off this way, because this is the heart of what we provide here at Commercial Finance Group: a bridge to bankability. Your ability to get a small business loan from a bank vary greatly. Even if you’ve qualified for commercial loans in the past, you may not qualify for one in the future because of your changing financial dynamic. We’re so glad that this company’s banker referred them to CFG, because we were able to come through for them in a time when the bank’s could not.
“However, CFG came highly recommended to us by our banker. Our banker even participated in the initial meeting with CFG…”
This is a very important part of working with an asset-based lending company that many people don’t realize. We are not the “payday loan” companies of commercial finance. We are a reputable factoring company that works hard to provide small to mid-sized businesses with the custom lending solutions they need to grow and thrive. Bankers recognized that we provide a short-term, intermediary service that they cannot, and so they often recommend their business clients to us when traditional loans don’t fit the bill.
“…from an owner perspective, we value more the collaboration, insight, and recommendations that CFG has provided to help the overall bottom line and becoming bankable again.”
We couldn’t have said it better ourselves! Our asset-based lending solutions are a short-term alternative to commercial loans. We help people push through the cash flow problems that are holding their companies back. We maintain open channels of communication with all of our clients, using our decades of experience in the financial industry to make recommendations about where to look for new sources of funding, and how to achieve a level of stability that will once again allow them to take advantage of commercial financing options.
We invite you to read this client’s entire review here. We hope that this example has helped you to see that we are truly invested in the success of each company that comes to us seeking financial solutions. We’d love to help you achieve the next phase of your business. Please contact us to learn more.
