It isn’t hard to imagine the PO Funding and AR Factoring opportunity in New York City. New York City, or specifically Manhattan, is still a major hub for wholesalers, distribution companies, and of course the apparel industry. With that comes a lot of opportunity for funding these types of businesses. And what better way than PO Funding and AR Factoring.
With so many new lenders and lending products popping up it’s quite easy to get confused. There are balance sheet lenders like The Credit Junction who provide term loans and lines of credit. There is ON Deck Capital and Strategic Funding who are offering Merchant Cash Advances and many many others. Even with all of the competition and options that are available, PO Funding and AR Factoring are still two of the hottest loan products in New York City.
And Here’s why…
Benefits of PO Funding and AR Factoring in New York City:
- Provides the greatest amount of available funds based on your sales, regardless of what your past cash flow looks like.
- Transactionally focused and no need to tie up all of your assets against a standard term loan or line of credit.
- If you are interested in keeping your money from being tied up in production.
- Credit insurance against your accounts receivables protects your business.
The list could really go on as to why PO Funding and AR Factoring are still great ways to fund your business. You may find that the platforms being used are somewhat dated. Only because the hands on nature of the business it doesn’t really make sense to have fancy automated platforms. That being said, you also get a real human being to work with.
Next time you find yourself in need of some extra capital to run your business, consider PO Funding and AR Factoring(or even as asset based loan). As long as you are a wholesale business with pre-sold goods that you need to fund then you could possibly qualify. MRKT Capital representatives are experts at PO Funding and AR Factoring in New York City. Natives who understand the dynamic wholesale industry in NYC make it very easy to help your business grow to achieve your goals.
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If you are ready to apply for PO Funding or AR Factoring in New York City using the button below or emails us at email@example.com.