Evan Samlin Shares His Views on Asset Based Lending Explaining the benefit of supporting small businesses, Evan Samlin shares that it enhances economic growth, stimulates entrepreneurship, and creates thriving local communities. Collaborating with various charitable organizations, he has actively partnered to help small businesses. During the pandemic, Evan’s REIL Capital demonstrated its commitment by donating over 200,000 masks to local enterprises, helping them weather the crisis and remain operational. Evan Samlin's firm belief in mutual support during challenging times underscores the potential for collective resilience. Evan Samlin's approach involves acting as a bridge between small businesses, entrepreneurs, and financing companies. Even amid the global pandemic, he worked for the empowerment of small enterprises. By facilitating easily accessible financing through a customer-centric strategy, he remained dedicated to sustaining businesses. Evan highlights that REIL's role goes beyond mere funding—it encompasses expert matchmaking and comprehensive client education throughout the process. Evan further discusses asset-based lending. According to him, it possesses the potential to enhance a company's cash flow by transforming assets into readily available funds. These funds obtained from the loan can be utilized by businesses to settle existing debts, venture into new prospects, procure inventory, and fulfill other legal obligations. Evan Samlin further explains that asset-based lending provides substantial backing for business growth and expansion initiatives. This avenue permits businesses to acquire vital funds for new equipment purchases through the utilization of their assets. Such financing facilitates business expansion while maintaining ownership integrity.
Considering it a viable solution for fulfilling working capital requirements, Evan Samlin presents asset based lending as a good option for small business funding. He emphasizes the importance of a robust cash flow, established revenue history, and favorable credit standing for businesses seeking an optimal choice.