In nineteen seventy-four, the birth of Commercial Finance Group was recorded. It was founded as a private corporation that deals with the provision of financial resolution to the smaller companies. They are very helpful to commercial companies that qualify for the provision of loans. They concentrate on those companies that are denied loans by the banking fraternity. The company’s flexibility has seen it fund a number of sectors in the economy.
With the passage of time, the company has widened its clientele base to include a variety of businesses. Government agencies have been known to go to the company for financial assistance. The company has even offered loans to companies outside the country.
This commercial institution offers services along the lines of personal credit, asset inclined dealings and the replacement of assets with upgraded ones with the passage of time. This replacement takes place on recurrently.
The company can furnish loans ranging from amounts as little as ten thousand dollars to lump some amounts. The highest amount of financial assistance that the institution gives out is in amounts not exceeding eighty million dollars. They offer solutions that are in line with modification of assets needing replacement. Operating leases are an effective method of obtaining capital that is essential to the company that will cut back on payment of taxes. As long as an asset generates income, it is viable for taxation.
The institution also helps some of its members with the acquisition of assets and tracking of those acquired assets. In the funding of large organizations, it works by converting capital based expenditures into operating expenses. This allows the government agencies to have funding for pressing projects.
The company operates by offering a number of financial solutions to its clients. Their services include:
* Asset acquisition
* Term rentals
* Finance leases
* Operating leases
In asset acquisition, they provide funding for those people who have found a solid investment but they are short of ready cash. They will also offer professional advice and calculate some of the risks associated with this financial move. After you have acquired your asset, they will track it for you as they help you manage your portfolio.
The rentals and leasing services are for those clients that need to obtain certain assets. The leases make it possible for a business to enjoy the services of a certain asset without having to purchase it. The placement of the asset in the financial statements will be determined by the type of lease you opt for.