Business Factoring Loans and Business Line of Credit
While some businesses choose between loans and factoring to help with finances, there may be situations wherein both are needed. At J&D Financial, we understand this challenge and offer business factoring loans and lines of credit to help them through both short-term and long-term needs.
Are you Eligible for Factoring?
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J&D Financial will consider business loans based on inventory, machinery, equipment, or other personal or business assets to qualified customers only in connection with their factoring of receivables. The benefit of having a loan in conjunction with invoice or purchase order factoring done through J&D Financial is that everything is consolidated in a single company. There is no need to deal with banks or a new financing company when you need a loan in tandem with our factoring services.
Our factoring loans have helped many businesses through various challenges. Some of our best examples are below.
A liquidation company in business for 12 years needed a short term inventory loan to purchase book closeouts. With 50% of the value of the books pre-sold, J&D loaned the company up to $25,000 to purchase books. All invoices had to be factored and the loan to be paid off in 30 days. This short-term, revolving, easy factoring loan increased sales substantially.
An apparel manufacturer saw growth ahead. An easy factoring loan provided money to grow but it was not enough. J&D Financial made a one year $100,000 loan on his equipment and machinery. With this additional capital he could make his business grow and factor more receivables.
Loans are usually made to clients who have a track record of producing quality goods and a good balance sheet.
A nursing staffing firm placed nurses at 13 week stints around the country in hospitals. Included in the cost was the housing of nursing staff. Because of deposits due to landlords, the staffing company needed additional money. J&D Financial was able to give a $200,000 revolving business line of credit secured by property, receivables, equity, and personal guarantee of the owner. Our client was able to increase sales dramatically.
If you've already decided to make use of our factoring services but need more money to see your plan through, our business loans and lines of credit may be the solution you need. Simply get in touch with us to learn if this option is open to your business.
The best business factoring loans are those made to clients who have a track record of producing quality goods and/or a good balance sheet. We only make factoring loans in conjunction with account receivable factoring or purchase order financing. If you wish to learn more about our factoring fees, click here.