The economy is reopening. The employment numbers are improving, and business owners are seeing opportunities that have been delayed by pandemic. All of this is good news. At the same time, banks have their hands full dealing with PPP loans and their underwriting has gotten stricter.
A case in point, we had factored a specialty staffing company that focuses on the travel industry. After using our service for two years they were able to qualify for a bank line of credit. A win – win for everyone. Our old client let us know that even though he kept his business open during the pandemic, the bank has closed his line of credit due to his personal credit score taking a hit. All this happens as his business is taking off. Since we focus on the credit strength of his customers credit and not his credit score, we were able to move quickly to provide the money he needed to take advantage of more opportunities.
American Receivable is a top-rated factoring company that offers their clients fast turnaround times at competitive prices. We are still owned and managed by the original founders who understand what it takes to make companies successful. Call us today at 800-297-6652 or schedule an appointment to learn how accounts receivable factoring improves small business cash flow. In the DFW area, call 972-404-4726. To find out how invoice factoring can help get your small business off the ground, call Jack Stieber or Brad Gurney or complete our quick application form.