Factor Funding Helps Local Staffing Company Stabilize Cash Flow and Grow Business
Like many small to mid-sized businesses, Exclusive Personnel found that late customer payments had started to affect its ability to process payables on time. This meant the company spent the majority of its efforts reconciling the resulting cash flow shortage, with few resources remaining to help grow thebusiness.
After ruling out less flexible options like bank loans and credit lines, Exclusive Personnels Staffing Director Crystal Collins chose Factor Funding to help solidify her companys finances. Working closely with Factor Funding President Daniel Eke, Collins elected to implement an account where her company sells select customer invoices to Factor Funding for an immediate cash advance. Upon receipt of the customers payment, Factor Funding then rebates the invoice total, minus the advance and agreed-upon fees, back to Exclusive Personnel.
According to Eke, the partnership has proven to be profitable for Exclusive Personnel: Because Crystal and her team know that their cash flow is stabilized, they can finally focus their time and attention on building their market reach. As a result, Exclusive Personnel has experienced record growth in recent months, with no additional liabilities or debt. Eke adds, Were thrilled we could help our customer, Exclusive Personnel, so that they could better serve theirs.
For more information on Exclusive Personnels financial growth through invoice factoring, download the free case study from their website.
About Factor Funding:
Factor Funding Company is a nationwide business funding service. We are a leader in providing cash flow solutions to small and medium size businesses across the U.S. If you are ready to get started with Factor Funding Company, please complete and submit an application now or call us at (713) 660-8300.
Read the full story at http://www.prweb.com/releases/2015/02/prweb12496923.htm.