What is Single Client Factoring or Client Concentration Factoring
There are companies that only have one or two large clients that make up their revenue source. A good example would be a company that supplies Toyota, Cargill or Target, and these large companies are their only customer. What happens when this company needs to obtain financing from a bank? Banks or lenders are most likely not going to approve the company because is the lack of a diverse client base.
Factoring can provide working capital to businesses that have a single client or client concentration. Your company gets the working capital it needs through credit protection, accounts receivable factoring and AR management. Factors have been helping companies with through single client and client concentration for years. Factoring companies understand their unique needs and can get them the cash flow they require quickly and efficiently.
Give Paragon Financial a call at 888-400-5931 today, fill out the form to the right or chat with us.
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What is Single Client Factoring or Client Concentration Factoring
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