2011 was a year of growth for RMP Capital. Hopefully that growth not only reflects on RMP but the economy as well. As our economy continues to recover and stabilize, it’s always nice to reflect on what individual companies have done as the New Year rolls around.
As banks continue to face strict regulations on their business lending, many companies are in need to find outlets in order to finance their operation so they can begin to flourish again. Fortunately, for the factoring industry, we are able to step in and help these companies overcome the struggles of not being able to secure traditional lending. Individually, RMP Capital saw an increase of 53% of new clients from 2010 to 2011. That is not only a positive sign for RMP but for the businesses we were able to help so that they can feel the growth as well with their new access to capital.
Now that 2012 is under way, RMP Capital is looking to build and expand upon our growth from 2011. We are excited to offer our full service factoring to most commercial industries, along with our specialties in transportation, public works contracting/construction and lines of credit to small factors. We also welcome working with brokers, with referral fees, and participations with other factoring companies. RMP Capital is able to fund companies across the US and Canada along with our Export Factoring Program for foreign receivables. Hope everyone has a great 2012!
Eric Grozenski, Assistant Vice President