Growing businesses often find that their current borrowing arrangements with their bank are not meeting their needs. Banks look at your past history and balance sheet which doesn’t always reflect the true potential of a company. Due to a tight credit environment, banks have strict credit limits that they often are unable to increase to meet the demands of a growing company.
With factoring, we can help support your growth since we don’t concentrate on your balance sheet. By using your accounts receivable invoices, we can provide immediate funding each time you invoice your customer. Our credit limits are based on your customer’s ability to pay, not yours.
If you have an SBA loan, we can work with them to provide additional funding. If you have a bank loan, we may be able to complement it with our funding or replace your bank.
If you have an SBA loan, we can work with them to provide additional funding. If you have a bank loan, we may be able to complement it with our funding or replace your bank.
