What Businesses Benefit From Factoring?

The benefits of factoring depend on your company’s situation. If your company falls into one or more of the following categories, factoring could be the most appropriate financing alternative:

• Start-up Business
• Limited Time In Business
• Rapid Growth Business
• Seasonal Business
• Over-Leveraged Balance Sheet
• Insufficient Collateral
• Inadequate Cash Flow
• Acquisition/Buyout Situations
• Transition/Turnaround Situations

If your company is not yet "bankable", or is being asked to exit a current banking relationship, it is the time to consider factoring. A factoring relationship is short-term in nature, often used as a "financial bridge" to help you achieve your immediate business objectives while continuing your search for traditional financing.