Albenook Limited is now arranging recourse and Non-recourse invoice factoring, purchase order financing and Government Contract Financing. This type of financing provides an advance on payments for outstanding invoices and purchase orders.
It allows you to have the flexibility to meet seasonal demands, meet payroll, order inventory or fund an expansion. Having solid cash on hand is critical and factoring can help your business generate cash quickly when you need it.
What type of industries benefit?
- Transportation/Trucking/Freight
- Staffing
- Manufacturing
- Service industries
- Technology
- Pharmaceutical companies
- Oil and Gas industry
All industries must be able to demonstrate financial viability and must be sufficiently outlined for prospective funding sources to make expeditious assessments. The project must be “shovel ready” at the time of the application.