Accounts Receivable Factoring – Program Overview and Summary
Accounts Receivable Factoring
Factoring Transaction Size:
$10,000 to $30 Million in monthly factoring volume
Industry Focus:
We are active in most industries where companies sell a product or service and their customers have good credit – Manufactures, Distributors and a Wide Range of Service Businesses.
Underwriting Criteria:
In evaluating a company, we look closely at the credit worthiness of our clients’ customers.
As a factor, we are less concerned with the strengths and weaknesses of a company’s balance sheet. In fact, we consider companies with a negative net worth, companies that are losing money and even companies in Chapter 11 bankruptcy for factoring.
Companies with little or no credit history may qualify for factoring, provided they have credit-worthy customers.
Use of Funds:
Companies need capital for a variety of reasons.
We provide funding for a wide range of uses, including:
• Project Financing • Business Growth Financing • Business Acquisition Financing • Bridge Financing • Financing Working Capital Needs • Realization of Supplier Discounts • Preparation for High Season • Crisis Management • Debtor-in-Possession (DIP) Financing
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