Loans.org recently interviewed AFS CEO Scott Griest, on how new and struggling business can source the capital they need with financial partners that focus on cash flow instead of assts.
Scott Griest, Founder and CEO of American Finance Solutions, said that when underwriting businesses he focuses on the health of the business itself. By focusing on a business’ operations, American Finance Solutions is able to fund businesses that banks reject. This includes businesses who are less than a year old, which means they are often struggling to generate cash flow.
“Most banks and credit unions have an asset-based focus and are only willing to assist small businesses if either the business or business owner will pledge significant collateral in case of default,” said Griest. “We realize that most small businesses do not have significant assets and if they do they are already leveraged; hence our focus is on cash flow.”
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