A 10-year old national factor has a new subsidiary that provides both P/O funding and letters of credit for growth-phase companies to include startups and distressed. The factorer already has a transactional volume of $200M and expects to increase another $50M by end of 2012. The firm will consider transactions ranging from $5,000 up to $2M.
The parent company typically does transactions between $100,000 and $3M to unique market niches in providing rediscount Lines of Credit’s for both small growing factoring firms and contractor financing for contractors working on public works projects. The company has offices in 6 states.