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Once the the only way the textile and garment trades were
able to survive, factoring services are now offered to tens of thousands of
businesses nationwide in hundreds of industries. Factoring accounts for over One
Trillion Dollars in annual financings nationwide, America's factors now provide
financing for literally hundreds of industries. These include:
Janitorial Services, Publishing, Metalworking, Commercial Printing, Machine
Tooling, Furniture Manufacturing And Distribution, Agricultural Products,
Plastics Manufacturing, Textiles, Biomedical Manufacturing, Staff Leasing,
Security Services, Food Distribution, Trucking And Transportation, Building
Materials, Contract Freight, Auto Parts Distribution, Cosmetics Manufacturing,
Resorts And Leisure, Pulp And Paper, Wholesale Distribution, Specialty Parts
Manufacturing, Industrial Products, Electronics Parts And Distribution, Computer
Hardware And Software, Engineering, Advertising, Chemical Products,
Import-Export Trade, Government Suppliers, Heavy Equipment Manufacturing, Rubber
Products, Semiconductor Assemblies, And Many Others.
Still, certain industries offer unique transactional challenges to even the most
modern factors. Our Factoring Lenders will purchase invoices where the
amount of the invoice can be verified, the delivery of goods and/or services can
be verified, and where no other entity can setoff or recoup against the invoice.
Under certain circumstances, the following industries may present problems
regarding invoice purchase.
CONSTRUCTION RECEIVABLES
Advancing against construction receivables can be exceptionally complex due to
the myriad a laws regarding lien rights, set off rights, and rights of
recoupment. To add to the confusion, these rights can vary significantly from
state to state. Only three to four percent of all factors will consider
construction receivables.
We have Factoring Lenders who will consider construction receivables
factoring on a case by case basis and we maintain working relationships with
several factors offering such services in other states.
THIRD PARTY HEALTHCARE RECEIVABLES
Healthcare receivables payable by third party providers (insurance companies)
require qualified operations staff to determine reimbursement limitations on
each invoice. Generally, those factors offering factoring on healthcare
receivables are specialists in that area and offer no other types of receivables
transactions. To assist you in providing such funding, we maintain relationships
with the largest healthcare factoring specialists in the country.
Key Benefits
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