Who Benefits from Factoring?
If your business is a business-to-business company and you generate invoices for services provided or goods sold, you are an ideal candidate for factoring. Here is a partial list of industries that we serve:
- Apparel
- Business Services
- Construction
- Staffing
- Distribution Services
- Freight and Trucking
- Hot Shot
- Manufacturing
- Machining
- Fabrication
- Security Guard Services
- Newsletter Publishing
- Wireless Communications
- Telecommunications
- Horizontal Directional Drilling
- Oilfield and Gas Services
- Pallet Manufacturing
- Environmental Consulting
- Janitorial Services
- Catering Services
- Consulting
- Commercial Delivery
- Wholesale
- Apparel
- Business Services
- Construction
- Staffing
- Distribution Services
- Freight and Trucking
- Hot Shot
- Manufacturing
- Machining
- Fabrication
- Security Guard Services
- Newsletter Publishing
- Wireless Communications
- Telecommunications
- Horizontal Directional Drilling
- Oilfield and Gas Services
- Pallet Manufacturing
- Environmental Consulting
- Janitorial Services
- Catering Services
- Consulting
- Commercial Delivery
- Wholesale
Most companies factor because they have expanded so rapidly that they outgrow their current working capital, line of credit, or they did not have adequate start-up capital to begin with. Companies might also use factoring if they experience:
- Large customer concentration
- Slow turnover in receivables
- Loss of bank line of credit or are otherwise not bankable
- Seasonal business cycles