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May
11
2015

What Types of Businesses Can Benefit from Factoring?

Posted by in Contractor Factoring, General Information, Transportation Factoring

If you’ve ever had a cash flow problem, you know just how frustrating it can be. That’s why companies in a variety of industries rely on factoring to get funding when they need it. Below, we’ve outlined the types of businesses that can benefit from factoring:

Service providers

Companies with in the business services industry depend on accounts receivable to operate, grow and thrive. If delayed invoices are preventing you from functioning and expanding, factoring may be for you. Whether you’re a staffing company, consulting firm or advertising agency, factoring can provide you with the funds you need to focus on your service!

Government contractors

These companies face a variety of challenges, and funding and securing bonding for projects can be difficult. Factoring can help ensure public works projects get done – from the bidding process through to completion.

Trucking

What Types of Businesses Can Benefit from Factoring?If a limited cash flow is prohibiting your trucking business from hauling more loads, then it’s time to consider factoring. Whether you’re transporting timber or refrigerated products, RMP Capital can provide same-day funding that keeps trucks on the road.
Many more types of businesses can benefit from factoring as well:

  • Food
  • Distribution
  • Import/export
  • Construction
  • Medical receivables
  • Small business
  • Engineering
  • Tech companies
  • Agriculture
  • And so much more!

To learn more, call RMP Capital at 631.738.0047. Plus, let’s connect on Facebook, Google+ and Twitter!

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