Los Angeles has always been seen as a business destination, whether that be operating a business in LA, or making business trips to LA to meet with partners and clients. While LA has no shortage of large companies and corporations, it has always been thought that most of the big technology companies on the forefront of growth and innovation were located in Silicon Valley, south of the San Francisco Bay area. While it is not wrong for people to assume that there is a large population of technology companies in Silicon Valley, it is important that people don’t overlook the significant technology companies in the greater Los Angeles area. Before we discuss some of the impressive Los Angeles technology companies in this two-part blog post, we want to briefly discuss how asset-based lending may be able to companies of any size grow.

Asset-Based Lending For Los Angeles Technology Companies

Asset-Based Lending in Los Angeles is a wonderful tool that has been gaining popularity with companies both large and small. “Why?” you may ask? Well, obtaining an asset-based loan is incredibly beneficial for companies, because they are easier to qualify for than other methods of obtaining capital like a line-of-credit. So what benefits can a Las Angeles company expect to see from obtaining an asset-based loan?

Liquidity Improvements

Liquidity is the availability of liquid assets that a company may have access to at any given time. The benefit to a company from improving their liquid cash assets is that it can provide the company with financial stability and a more “predictable” flow of cash. If a company is growing at an impressive rate, an asset-based lending strategy may be able to stabilize and “smooth-over” the company’s day-to-day operations. Other benefits of asset-based lending programs are the stabilization of companies that have seasonal revenue fluctuations and momentarily tight budgets.

If you own or operate a Los Angeles company that is faced with some of the above issues, consider an asset-based lending program, and contact us at the Commercial Finance Group for more information on how to generate more working capital.

Flexible Financing

There is a general stigma about the finance industry that you have to jump through hoops, cross your T’s, dot your I’s, and practically sign your business away to simply get your hands on more working capital. While yes, there are plenty of strict financing policies, not all are so stringent. In fact, asset-based lending is by far one of the most flexible financing programs that a business or company could ever consider. As long as the working capital is used for business or operations purposes, there are few asset-based lending restrictions that could affect the flexibility of your lending program.

Quick & Easy

One of the more popular qualities of an asset-based loan is the fast process of applying for one. As long as a company meets the basic criteria to qualify for the loan, they will receive it much more quickly than if they applied for a different program like a line of credit.

A Bridge To Better Things

One of the most overlooked qualities of an asset-based loan is that it can be used as a “stepping stone” for a company that finds itself in an intermediate phase of growth. For example, if a company has outgrown conventional factoring lines, but is not quite large enough to qualify for a line of credit, an asset-based loan can be used to bridge the gap. Also, in doing so, a company will be able to build its relationship with a lending partner by proving to the lending partner that they are on a well thought out track of sustainable growth.

Sometimes, no matter how great at running a company you are financial lending can be confusing, making it harder to decide the best course of action to take. If you find yourself in this situation, contact us at the Commercial Finance Group. We would be more than happy to look into the best options for your company to take. And if you already know the best move for your company, apply for a program on our site today.

Impressive Los Angeles Technology Companies

Below is a list of companies in the greater Los Angeles area that we think are worth knowing about.

Space X

If you have been watching the news lately, it is more than likely that you have heard of Space X before. Founded in 2002 by renowned businessman Elon Musk, Space X designs and manufactures advanced spacecraft in the hope to revolutionize space technology. What is their final goal? Well, while the next step is to make space travel possible, the end-game for Musk and Space X is to make travel to other planets easier so that someday humanity may be able to colonize on other planets.

If you are interested in learning more about Space X, one of Los Angeles’s very own companies, check out their website today.

Blizzard Entertainment

If you consider yourself to be a gamer, then there is no doubt that you have heard of the video game technology company known as Blizzard Entertainment. Known for their incredibly popular games Overwatch and World of Warcraft, Blizzard Entertainment produces high-quality video games for both computers and game consoles.  This company has shown impressive growth in both revenue and employment sizes in the last couple of years, making them a company worth knowing about.

If you want to learn more about Blizzard Entertainment, check out their website for more information.

Tune-In To Our Next Blog As We Continue To Discuss Los Angeles Technology Companies

In our next post, we will continue to discuss some of the more noteworthy Los Angeles technology companies. At the Commercial Finance Group, we support small to medium-sized businesses with commercial lending and loan programs so that someday they may be able to take that next step and become a large company, much like the ones that we are speaking of today.

For more information on our commercial lending and loan programs, contact us at the Commercial Finance Group today.

To learn more about some of Los Angeles’s best technology companies, tune in to our next post.