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Keith Gilabert, "Factor Financing for New Companies."
by keithgilabert, Window Shopper
- Created: May 20, 2012, 7:50 pm
Factoring is a financing option for under-capitalized businesses that have
the profit margins to absorb the factor's fee. Factoring is a loan which will
give you working capital based on your invoices which are awaiting payment.
Factoring is a widely used financial product that transacts over $70 billion
of volume each year in the United States. I've seen companies use Factoring
for orders that are yet to be fulfilled. There are often times a company will
not bid on a project because of capital requirements, but this option gives
the company the opportunity to engage in large projects and expand their
business with no additional capital commitments.
Let me know if you need additional info.
Thanks,
Keith Gilabert
SBA Community
