Account Receivable (AR) Factoring for Automotive Suppliers
Let’s say you are an automotive manufacturing or supplier company showing modest growth. You get a new contract that requires you to add more employees, inventory, and equipment to produce the goods. In addition, with lead times and the time it takes your clients to pay, your monies could be out 180 days plus. What do you do?
We have both owned and funded manufacturing companies. We understand your special needs and requirements. In addition to factoring your invoices, we can also utilize PO funding and Vendor Guarantees to get you the goods you need to fulfill contracts.