AR Factoring for Automotive Suppliers
Let’s say you are an automotive manufacturing or supplier company showing modest growth. Then 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 so we understand your special needs and requirements. In addition, to factoring your invoices we can also utilized PO funding and Vendor Guarantees to get you the goods you need to fulfill contracts.