How Does A Small Or Medium Business Beat Today's Credit Crunch? The Answer According To Banker Craig

"With dramatic changes in our economy, businesses continue to face an uphill battle

when it comes to receiving traditional bank credit which can be frustrating, time consuming and almost impossible," Castle explained. "Non recourse factoring, the selling of invoices on the other hand, is a lesser understood but proven, effective way to raise funds."

Maintaining a healthy cash flow is one of the most vital aspects of any business. Small and medium sized enterprises (SME's), a large part of the US market for banks, are particularly vulnerable to late payment and bad debt. These companies often finance customer's late payments to the detriment of their own cash flow and business development.

Through the use of non recourse accounts receivable financing, a company can convert their receivables into immediate funds instead of waiting for payment when receivables are due. Growing companies can finance expansion, take advantage of supplier discounts, leverage their banking credit facilities, reduce balance sheet liability, and even build or strengthen a business rating.

"More importantly, we take the risk when you sell us your invoices. Above all, we want you to enjoy peace of mind, knowing that you have a strong partner backing you."

Castle specializes in NON RECOURSE RECEIVABLES FACTORING. This type of factoring gives businesses immediate access to cash and protection against invoice insolvencies, slow pay & no pay accounts. "We have an exclusive engagement with one of the largest non-recourse factoring companies globally," he said.

His specific focus is service companies, distributors and manufacturers with invoices based within the United States & Canada. "Sales revenue must fall between 3 million and 30 million annually. Companies must be established at least 2 years with customer net term receivables of (30, 60, 90) days. Many of our clients are growing but some are challenged for one reason or another. we consider businesses that have 10 to 40 or more quality invoices.," Castle said. Other factoring companies specialize in other industries and have different size and segment criteria.

Castle can also help businesses that only have one or two very late paying invoices. "We can assist you with collections on a contingency basis for domestic and international situations using our team of certified collection agents and lawyers. If litigation is necessary you may use your own legal counsel if you wish," he said.

by: Craig Castle

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