How Our Factoring Saved A Company...
For one company, the loss of 2 big clients meant severe problems for the owners of a small machine tool company.
Not only did losing out to a competitor's underbidding hurt corporate morale, it also put major stress on the company's financial position. Customer revenues were down over 49% and the bank was considering foreclosure. Bankruptcy was getting ready to rear its ugly head!
What was the solution?
Within 5 days, we presented the company with a factoring program that elevated cash flow issues.
In addition, we set up a forbearance agreement with the bank by agreeing to provide 3rd party payment discipline.
If you wish to have your accounts receivable paid with 24 - 48 hours, contact us at Lgpotter33@gmail.com now!
Note: We need to know what industry your company is in and the invoicing volume if possible.
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