Bay View Funding has successfully funded advances of over $450,000.00 to 3 high growth companies with working capital challenges in Philadelphia, Delaware, and New York.
While we like our blogs to be informational, we think it is helpful to illustrate the ways in which working capital can be managed with the help of invoice factoring. We are happy to share some recent success stories, and will do this from time to time to highlight the industry specific companies we are able to help.
Jerry Calabrese, Business Development Manager, for Bay View Funding in the Mid Atlantic Region, shared “It is always gratifying to enable high growth companies succeed using invoice factoring, a much overlooked, but extremely simple, effective source of financing. The 3 companies in question were experiencing different situations that were a perfect fit for accounts receivable funding. We were able to provide a simple solution to the challenges they were each facing.”
Start up staffing company, specializing in the pharmaceutical market.
Center City, Philadelphia $100,000.0
With an excellent customer base, and access to large staffing opportunities with huge potential, the company was challenged with a lack of collateral to finance large contracts prior to invoice payment. The referral came from a traditional banking source, unable to help. Where traditional forms of financing failed, Bay View Funding was able to respond quickly, allowing the client to successfully bid and win those large contracts with confidence. Fast, efficient, early advances on account receivables enable operating costs, and payroll demands to be met on time, and the company to grow and be successful.
Manufacturer and importer of specialty fabrications, designed specifically for major corporations in the medical industry. Bear, Delaware $200,000.00
The ability to take on large contracts without access to working capital to cover production and shipping costs can be a challenge. Bay View Funding was able to work with strategic alliance partners to provide Purchase Order Financing. This enabled the company to accept larger orders and pay production and shipping costs, as the bills are due, with confidence.
Digital media marketing company, involved in email design and distribution for specific national political campaigns. New York, New York $150,000.00
The challenge involved lengthy delays in payments from the Political Action Committee. Working capital challenges meant that staff members working on the creative process were not being paid in a timely manner. This challenge limited their ability to take on new assignments, which was forthcoming due to market success. The company came directly to Bay View Funding for advice. We quickly responded with a factoring facility that allowed the company to meet payroll demands and enjoy high growth in an extremely competitive niche market.
Obviously, when it comes to making a decision to finance your accounts receivables, you have many choices. Bay View Funding has been working in the industry for more than three decades, and our goal is to consistently provide you with the best service. Our professional, dedicated, sales and support staff are always personally available to answer your questions. We stand by our promise of excellent customer service with a 100% satisfaction guarantee.