Accounts Receivable Factoring - A Case Study

You read a lot about various alternative financial products, but which ones really work? Invoice factoring is a great way to acquire working capital for those that companies that carry receivables and can't get the funds they need from the bank. One such company was a boat trailer manufacturing company in the Midwest. They were growing rapidly and exhausted their bank credit line. With pending orders unfilled due to a lack of working capital, I worked with the owner to establish a factoring arrangement. Within two weeks, the company had the funds they needed to produce the orders. Since funding is only limited by the company's pool of receivables, they were able to accelerate their growth beyond their wildest dreams.