Daily News: January 13, 2017

Hitachi Business Finance Releases Educational ABL Infographic

Hitachi Business Finance has released an infographic that explains the basics of asset-based lending and how it can improve a company’s cash flow.

The infographic is designed to show entrepreneurs, business owners, and trusted advisors how using a company’s own assets – A/R, inventory and equipment – can help hire additional employees, secure a new contract, purchase equipment, make payroll and more.

“Asset-based lending offers working capital for companies that may be growing, are highly leveraged, or just need more capital than what their current lender is willing to offer,” said Mike Semanco, president and COO. “Our goal with this piece is to better explain who is best suited for asset-based lending, its benefits, as well as how it works and why it should be used.”