/24-7PressRelease/ - YORBA LINDA, CA, April 30, 2008 - SC Equipment Funding has implemented an Asset Based Leasing program (ABL) to assist businesses in raising capital needed for equipment purchases. The ABL program, also known as Factoring, allows businesses to convert their accounts receivable to cash. This 'cash conversion' can either be a one-time or an on-going conversion. By using an Asset Based Lease, businesses not only free up their cash flow for other purposes, but may also qualify for very competitive lease rates.
"Businesses are under tremendous pressure for operating capital," explains company spokesman Bruce Braviroff, "and it's our responsibility as funding experts to find ways for them to acquire and protect their cash assets." Asset Based Leasing is often a viable, alternative form of funding when other sources are not available. Braviroff notes that since ABL lenders must analyze accounts receivable, they must be very familiar with the various types of businesses they serve. This business familiarity results in lenders that are more responsive to client needs. "Our ABL program not only gives a business the cash it needs," declares Braviroff, "but may also offers valuable guidance and advice for managing receivables."
The Asset Based Leasing Program is just one of many funding programs available from SC Equipment Funding designed to increase cash availability. Freeing up cash often makes the difference between profitable growth and failure for under capitalized businesses. "We measure our success by how successful we make our clients," declares Braviroff, "and the Asset Based Leasing Program is one more tool in our funding arsenal for creating successful clients."
About SC Equipment Funding
SC Equipment Funding began in 1984 with the aim of providing expert equipment leasing to a wide variety of domestic businesses. From the main facility located in North Orange County, California, the company provides funding for equipment acquisition for all types and sizes of businesses. SC Equipment Funding provides lease programs through several financial partners as well as the company's own funding sources. This diversity of leasing products allows SC Equipment Funding to be extremely competitive while providing unique funding programs.
For further information about SC Equipment Funding and the company's equipment leasing programs can be found at http://www.scequipmentfunding.com.
SC Equipment Funding
895 E. Yorba Linda Blvd.
Placentia, CA 92870
Phone: 714-996-1298
Fax 714-200-0314
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