Raise cash for expansions at auctions
It’s a way to source capital without paying interest
● Expansion plans need not always be funded by traditional means such as bank loans or other interest-attracting forms of financing, said Park Village Auctions CEO Roy Lazarus.
“In many instances part of, or all of, the funds needed may be raised through the sale of unused equipment, vehicles, furniture and properties. In these instances, auctions probably offer the best means of disposing of items as they provide an immediate turnaround time, no suspensive conditions and are safe and trouble-free,” he said.
Park Village Auctions has been assisting companies to raise capital in this manner for many years, said Lazarus. “In these uncertain times it is probably the most prudent means of raising funds and we have built up an impressive set of value-added tools which ensures sellers get a fair price for unneeded goods.
“Our services include inventory valuations and perfecting of special and notarial bonds and asset disposals, as well as advice on asset-stripping, downsizing and restructuring of inventories.”