Any business that invoices other businesses or government entities for delivered goods and rendered services can benefit from factoring.

Many business owners find these services beneficial because they:

• Are experiencing rapid growth and need to purchase materials, pay vendors and cover operating expenses
• Want to obtain immediate cash for any business use without creating a debt — no principal or interest to repay
• Want to expand their line of business or take on larger accounts
• Are labor-intensive industries and need to meet payroll
• Are start-ups with no financial track record
• Have seasonal cash flow crunches
• Need short-term cash to use as a bridge loan
• Need to improve the business’ credit rating
• Need to make timely tax payments
• Want to benefit from trade discounts
• Have State or Federal tax liens