Small business grows with the right accounts receivable finance company.
Dallas, Texas (PRWEB) October 28, 2013
National Factoring Group is proud to announce their first Factoring client is moving on to traditional financing. After a search through National Factoring Group’s innovative website, they were able to find the Accounts Receivable Finance Company that worked best for them. As they took advantage of the many benefits of the cash flow provided, they were able to grow their business.
When Tom was introduced to National Factoring Group he had been turned down by four Factoring Companies and was not optimistic about his chances of finding the right Factoring Company that would work with his business. After conducting a search with National Factoring Group, he reviewed the top options for him and selected two.
With a five minute phone conversation it was clear to him which Factoring Company was going to work virtually seamlessly with his business and was funded within a week. The increase in cash flow allowed his business to grow and described it as a “money truck parked in my yard.” Over the past two year Tom continued to experience great growth and evolved from a father and son business to having over 25 employees.
With the ability to hire new employees and the increase of cash flow, they were now free to not only keep up with the bills but also continue to make new client relationships. Their growth has now stabilized their business allowing them to qualify for traditional banking.
“We are proud and honored to be part of the growth process of our clients”
– Brandon Bauer, Founding Member
As this was National Factoring Group’s first client they tracked the progress and have been able to use the knowledge gained from working with Tom to help other clients in the same position and eventually reach their goals.
When speaking with National Factoring Group Founders, they said “While we could not be happier about the success of our first client and that we are seeing the same trends with other clients in different industries and with different funders, it is bittersweet but we are not surprised. You build a relationship with clients and as they move on you do miss them. At the same time we are very excited that our clients are providing proof of concept that if a business is given all the information in one place they will be able to make the best decisions for their needs.
They go on to say “National Factoring Group has always been about making sure that our clients have all their options so they can make the best decision and not be broadsided. We believe that business owners are smart. It is insulting to treat them as anything less by luring them in with teaser rates or offers that only apply to your brother-in-law.”
This theory and mindset are proving to be true with the average National Factoring Group client growing over 200% within the first six months. This average is not limited to start ups or first time Factoring clients but also with businesses that have decided to make a change in funder and used National Factoring Group.