Having won a state contract with the Department of Natural Resources, a contractor whose business had slowed down was suddenly confronted with a good problem: Contracts. The only tough part was that his bank lines had been curtailed with the economic slow down meaning, he was challenged to fulfill and perform with no working capital. [...]

A problem? No! Although he called us in a panic we got the additional funds approved on the spot and paid off the old note with a restructured agreement! This story continues. With his loan set up with what is called a ‘balloon payment’ (this means that at the end of a period of time [...]

The call was a tough one: Our client had a written contract with open terms stating that they would have 45 days to pay their bill – end – but on the Friday before the Monday that the product needed to ship our client received a call and the supplier demanded 50% up front or [...]

Can you imagine a factoring company setting up a contract with your company knowing full well that your customers are not going to pay you in time and too that this is going to put you and your company in financial duress? If you know of this having happened please share it with other here [...]

When their bank and several other funders turned them down, a growing clothing manufacturer in New England was referred to us.  We worked out an alliance with their bank that allowed us to complement the existing bank loan and credit line, enabling this company continued growth. Why is this an important success story? First off: [...]