Profile of a Client
Virtually any business that sells to commercial or government entities make excellent factoring clients. Some examples of clients who benefit from factoring are as follows:
START-UP COMPANIES – Unlike banks, our Factoring Company looks at the quality of a company’s accounts receivable rather than its profitability, time in business, or net worth.
SERVICE COMPANIES – Businesses whose cash needs are primarily fueled by payroll and payroll taxes find accounts receivable financing as the solution to their ongoing cash flow needs. Temporary Employment Agencies, Nursing Registries, Consultant Firms, Security Guards and Cable Installers are just some of the types of service companies that our Factoring Company helps.
REPAIR COMPANIES – Businesses whose cash needs are primarily fueled by repair materials and payroll find our accounts receivable financing as the solution to their ongoing cash flow needs. Many types of Repair Business work well with our Factoring programs, including those in the Automotive Repair, Computer Repair, Equipment Repair, Building Contractor and Mechanical Contractor industries. Auto Glass Repair & Replacement Companies are excellent factoring clients, due to the smooth EDI invoice networks used. We have extensive factoring experience with these companies.
MANUFACTURERS – Without ample cash to pay suppliers in a timely manner, manufacturers cannot get the required materials to fabricate enough product for their companies to thrive and grow. Factoring gives manufacturers more buying power through accelerated cash flow.
COMPANIES IN BANKRUPTCY OR WITH TAX LIENS – Factoring is one of the few available means of financing for companies who’ve recently filed Chapter 11 (or Chapter 13 for Sole Proprietorships). Our Factors have years of experience securing post bankruptcy financing for clients. Additionally, we have an excellent track record of helping companies with state and/or federal tax liens.
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