Welcome to part two of our discussion about Los Angeles technology companies. In our last post, we discussed how asset-based lending in LA can help companies, no matter their size. In today’s post, we will briefly summarize the benefits that an asset-based loan can provide a company, as well as continue to discuss more of the impressive technology companies that can be found in the greater Los Angeles area.

If you would like to catch up with our last discussion, you can find part one of this post here.

What Asset-Based Lending Can Do For A Los Angeles Company

In our last post, we discussed a few ways that asset-based lending is beneficial to companies, regardless of their size. One of the primary benefits that a company might see from a lending program is an immediate increase in the liquidity of the company’s working capital. With an increased availability of working capital, companies will see stability in both day-to-day operations and in their more predictable flow of cash.

Another benefit of an asset-based loan is the flexibility of the uses for the working capital that a company receives. This flexibility allows the company to spend the cash asset on whatever they see fit to better their company, as long as it is a business-related expense.

Speed and ease is also a positive attribute of an asset-based loan, because as long as a company fits within the general criteria, an application for an asset-based loan is almost guaranteed. Once accepted, a business can expect to see the working capital much faster than if they pursued other forms of financing like a line of credit.

Last but not least, an asset-based loan is an excellent stepping stone for a company whose size and access to capital limit the use of other lending programs. When a business is between qualifying for a small business loan and other traditional factoring lines but is not large enough to qualify for a line of credit, and an asset-based loan can provide the company with enough working capital to take the next step.

Most successful companies needed financial aid at one point in their development, including some of the successful companies that we will continue to discuss today. If you own a small to medium-sized business in the greater Los Angeles area, contact us at the Commercial Finance Group today, so that we may be able to help you grow.

Impressive Los Angeles Technology Companies (Continued)

Netflix

While Netflix is not an Orange County native, it has set up shop and begun to establish itself as a force to be reckoned with here in Southern California. Netflix can attribute some of its success to the popularity it has gained from its nearly 80 million members across the globe.  As a technology company, Netflix has capitalized on the ability for the user to access hundreds of productions using just their fingertips.

If you want to learn more about Netflix, check out their website!

Technicolor

Technicolor is an excellent example of a technology company that started in a different country, set up shop in Los Angeles, and began to flourish. Technicolor appeals to a what was once a niche market that has been growing in popularity, that market being that of technology and design. By combining two marketplaces that consumers love, Technicolor has been able to satisfy customers both locally and worldwide.

To learn more about Technicolor, check out their site today.

Beachbody LLC

Known best for their exercise and weight loss program, Beachbody has made their impressive growth possible by appealing to the betterment of self-improvement. Beachbody is a local California company that has been making some serious wake in the physical fitness e-commerce industry for the last 15-20 years.

To learn more about Beachbody LLC, give their site a visit.

Snap Inc.

Known best for its groundbreaking cellular application known as Snapchat, Snap Inc. has been shaking up the social media industry since its inception in 2010. Snapchat gained popularity over its social media competitors by adding a more personal touch to your conversations, your face. Snap Inc. is growing fast, and seemingly here to stay, so keep your eye out for this Los Angeles tech company.

If you want to know more about this social media tech company, check out their website.

Symantec

Symantec is a cybersecurity company in the greater Los Angeles area that is a testament to the fact that not all tech companies are in Silicon Valley. You may recognize the software company from its association with Norton Securities for computers, proving that LA companies have what it takes to land large-scale consumer use.

Check out their website for more information on their company and services.

Ticketmaster

If you’ve ever been in the market for tickets to an event, it is likely that you have used, or heard of, Ticketmaster. This greater Los Angeles company has an impressive international reach, making it a force to be reckoned with. E-commerce tech companies like Ticketmaster prove that LA is a tech marketplace that shouldn’t be overlooked.

If you are interested in learning more, check out their website.

AFEX

Sometimes companies do behind the scenes work that may not gain that much attention with the public, and AFEX is one of those companies. Dealing with the foreign exchange of working capital, AFEX is a Los Angeles tech company that helps businesses worldwide make international transactions. AFEX proves that there is a sleeper tech industry in the local Los Angeles area.

Visit their site to learn more about their company.

Buzzfeed Inc.

A company that you have no doubt heard of while scrolling through social media feeds is Buzzfeed Inc., a media tech company that keeps people entertained on an engaging platform. With a global audience of more than 200 million people, we guess you could say that they are doing something right.

If you’re interested in their content, check out their site.

Companies Can Benefit From Asset-Based Lending In Los Angeles

As we just discussed, there are plenty of companies that find their way to success here in Los Angeles, but what people don’t realize is, it took a lot to get there. While some of the above companies may have not ever had financial struggles, most companies do at one point or another. Whether it be a small business taking out a small business loan, a medium-sized company utilizing an asset-based lending program, or a large company taking out a line of credit, most companies at some point need financing aid.

At the Commercial Finance Group, we take pride in helping both small and medium-sized companies overcome financial barriers so that they may be able to grow, and climb the industrial ladder. If you have a company that is struggling to find working capital, contact us, or apply for an asset-based loan today on our website!

We love helping businesses achieve their true potential! Let us help yours today.