A constant flow of working capital is an intrinsic component of a successful business. This is especially true considering the outflow that is a part and parcel of every cycle: salaries and wages need to be paid; raw materials need to be purchased and equipment need to be serviced; funds are needed for marketing, advertising, and other general overhead costs; reserves are required till the customers make their payment. Working capital is truly the lifeline for any company and here at Greg Morino Funding we make your needs our priority .
A loan or lease to purchase or borrow hard assets for your business such as a restaurant oven, heavy construction equipment, or a company car. The most important thing to understand about equipment financing, broadly speaking, is that it’s for financing a physical asset.
Real estate is an excellent choice to offer as collateral. This makes real estate a quality asset to offer and you can qualify for lower interest rates and better terms as a result. You can offer a property that you already own as collateral. Regardless, using real estate to back your loan will save you thousands of dollars over taking out a conventional business loan. What if you have poor credit? Lenders are understandably wary to approve your loan when your track record isn't stellar. Offering up a piece of real estate as collateral is the perfect way to assuage their fears.