|
|
AR Factoring breathes life back into Texas Based Freight Carrier
Can you imagine working really hard to make ends meet and cutting costs everywhere to make yourself profitable and your get a registered letter in the mail from your bank demanding their Line of Credit to be paid off within 14 days?
Trucking Company in Texas USA; Bank recently called their Line of Credit due to tightening restrictions. As a result they had to pay off the bank their 1.0mm LOC within 2 weeks of being notified. An internet based Commercial Finance Broker set up the deal and not only paid off the bank within the time period required but also increased the availability of the Line of Credit up to $1.75mm using Accounts Receivable Factoring.
I can not tell you how many times I have seen this situation happen to companies over the last 2 years. Most people are very eager to see what the new programs that the US Government is rolling out, but banks are still calling their loans, and denying even more applications.
Most companies do not need more debt; they usually have enough of that. What they do need is cash flow. If this sounds similar to your situation, please, speak to a Commercial Finance Broker. They are trained professionals whose career is based on keeping on top of the new finance options coming out and knowing which lender does what deals the best.
Commercial Finance is extremely specialized. It is not like going into the nearest lender to you and asking for a generic flavor-of-the-day Commercial Loan and having it fit exactly what you need it to. Some lenders do Commercial Mortgages with a side of Equipment Lending while others will be really good at getting Equipment Deals done for Trucking companies, but also offer Equipment Financing on restaurant equipment, but are really lacking in regards to their termsThe Commercial Finance Broker will know about this and will be able to package your deal for the best lender for you.
Many Commercial Finance Brokers are current with the most recent changes and offerings on the market today ranging from Commercial Mortgages, Commercial Equipment Finance, Export Finance, Purchase Order Finance, Lines of Credit and Accounts Receivable Factoring.
|
 |
Please Rate: |
|
Rating: |
 Processing ... |
(Average: Not rated) |
| Views: | 85 | |
|
| More Articles from Ethics | | |
| Top Articles in Ethics | | |
|
