Unfortunately, banking institutions will not consider a business line of credit unless a business can show strong historical financial statements. Typically, lenders will need 3 years of stable cash-flows, a personal guarantee, and your company as collateral. We do not utilize these same criteria because we do not evaluate our clients based on their past performance and net assets, but rather their future prospects. Unlike other financing companies, our service does not stop after funding. We have service programs designed to meet your needs.
Factoring can ease the growing pains, stabilize working capital, and increase the bottom line .
1st PM Factors Bancorp provides cash flow assistance by factoring, factoring accounts receivable, purchasing, purchasing accounts receivables, and receivables. A traditional, factoring company, produces better cash flow by factoring invoices via 24 hour funding and factoring accounts. We can also produce funding results by factoring accounts and purchasing purchase order financing from companies nationwide.