Cash Flow Factoring: A Case Study
Factor Finders helped the leaders of a manufacturing company solve a cash flow problem with a customized factoring program.
Facing a tight money situation, the president and his CEO first ruled out non-financing alternatives such as shortening their customers’ payment period or extending their payments to suppliers. They wanted to avoid driving customers to the competition, but they also wanted to continue treating their supply partners well. After all, their suppliers already extended generous terms by not requiring payment on in-house inventory until it was sold for finished products.
With few other options, the company requested cash flow factoring information from Factor Finders. They found that unlike a traditional bank line of credit, they did not have to go through a lengthy credit review process or provide collateral to guarantee their financial stability.
We were able to offer the company a factoring program that helped them close the cash flow gap without an extended due diligence period. They were able to continue offering generous terms to their customers, attract new customers, and pay their suppliers on time.
Benefits of Working with Factor Finders
Factor Finders’ works with outstanding healthcare staffing factoring companies throughout the United States that will help you obtain cash almost immediately. Our partners will give you the freedom to factor as much as you would like, at competitive rates.
Factor Finders will also provide you with a niche factor that has an expertise in the healthcare staffing, nursing staffing or even the home healthcare factoring industry.
Healthcare staffing factoring will not affect your credit or prevent you from obtaining future financing like a traditional bank loan might. Working with a staffing factor will also put you in touch with knowledgeable professionals who will help you with invoice-related tasks such as payroll and collections. Contact Factor Finders today to get your business on the right track for success.
