| For small and mid-size businesses that are in a growth mode, getting the working capital necessary from conventional sources to sustain that growth and increase profitability can be a challenge — especially in an age of ongoing bank consolidation and ever-tightening credit policies.
Factoring, an ancient form of financing which involves the purchase of commercial accounts receivable, has re-emerged as a convenient and viable option for those businesses that don’t fit the typical lending institution’s credit profile. It is a $60 billion industry that includes some of the world’s largest financial institutions.
First Commercial Finance, a firm specializing in this form of financing has opened for business in this area. According to local representatives Paul Constantine and Tom Riggs, any firm that sells goods or services on credit to other commercial businesses is a candidate for this type of financing which relies on the receivable client’s credit rating, not the company’s that is selling them.
Another advantage of using this method of generating cash is to run and expand a company’s operation without enduring the loan approval process or tying up its own borrowing capacity. Riggs and Paul Constantine are both experienced business and finance professionals who say they will stress speed and service in their efforts to build a local customer base.
They can be reached at (888) 205-1234 or pdc@olympus.net. | 
