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.
Santa Clara, CA -- (SBWIRE) -- 04/07/2014 -- Jerry Calabrese, Business Development Manager, for Bay View Funding in the Mid Atlantic Region, shared “It is always gratifying to enable high growth companies to 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 solution to the challenges they were each facing.”
Start up staffing company, specializing in the pharmaceutical market.
Center City, Philadelphia
Challenge: The company has excellent customers and access to large staffing opportunities with huge potential. The challenge is a lack of collateral to finance large contracts prior to invoice payment. The referral came from a traditional banking source, unable to help.
Solution: Where traditional forms of financing failed, Bay View Funding was able to respond quickly, allowing the client to successfully bid and win 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.
Challenge: The company took on several large contracts, but needed working capital to cover production and shipping costs.
Solution: Bay View Funding worked with strategic alliance partners to provide Purchase Order Financing. The client can now accept larger orders and pay production and shipping costs, as the bills are due, confident in the factoring facility put in place.
Digital media marketing company, involved in email design and distribution for specific national political campaigns.
New York, New York
Challenge: The company was struggling with delayed payment from the Political Action Committee. Working capital challenges meant that staff members involved in 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.
Solution: The company came directly to Bay View Funding for advice who quickly responded with a factoring facility that allowed the company to meet payroll demands and enjoy high growth in an extremely competitive niche market.
About Bay View Funding
Headquartered in the San Francisco/Bay Area, Bay View Funding is a successful provider of accounts receivable financing for major industries, including staffing, distribution, manufacturing, government contracting, oil and gas, trucking and wholesale. The team of financial experts at Bay View Funding has been providing factoring services to businesses – in a wide range of industries – for more than three decades.
To learn more about Bay View Funding and their unique factoring service, call Bay View Funding at 1-888-229-9993, or visit the website at www.bayviewfunding.com