As you may know, not all family-owned businesses are passed down from one generation to the next. In this case of a rapidly-growing distributor, ownership was passed down from the son to the father. The experienced father sought additional ways to capitalize the fast-growing business and also wanted to lower the costs involved in boosting credit controls and accounts receivable record-keeping needed to manage the expected 40% increase in growth.
Within a month of acquiring the business, the dad contacted us to arrange a factoring relationship. After talking to us, he was impressed with our flexibility, particularly our no term agreement program. With our help, he not only got the cash he needed to support his rapidly-growing business, but he was also able to efficiently utilize our credit support features and accounting capabilities.
So, if you need a fast solution, email us now at Lgpotter33@gmail.com and let us know what industry your company is in and the invoicing volume if possible. Thank you.