Purchase Order direct funder has unique market niche of catering to public works contractors

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.

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