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The Advantages of Asset Finance Over Traditional Credit Facilities
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Categories Some small businesses have not yet realized the benefits of this type of financing. These firms usually procure secured loans or commercial loans to purchase the equipment they need. In fact, others use their own working capital with the hope that the new piece of equipment or machinery is going to generate enough income to recoup the cost. These are usually costly mistakes, because the funds can be put to more productive uses.
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With Asset finance, the business does not need to use any of its capital to acquire a new equipment. Neither does it have to use inventory or business assets as collateral for a loan. This is because the financed asset acts as collateral for the credit facility.
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