48 Factoring Inc. of Wayne has just announced a unique financial product to help finance small, fast-growing companies.

Factoring 2.0™ is tailored to small, fast-growing companies in need of working capital. The financial services company uses proprietary software technology to assess funding risk and create innovative solutions to help small businesses.

According to the firm, factoring is a finance method whereby a business’s receivables are sold for an advance cash payment to specialized companies called factors. Factoring, they say, is not a loan.

Beginning June 2, 48 Factoring Inc. will offer financing for small businesses through Factoring 2.0™, an alternative to the traditional bank loan or credit card advance. While banks focus on a business or owner’s credit score, and often concentrate on loans above $250,000, Factoring 2.0™ bases its decisions on the company’s cash flow, as well as its projected and past performance.

The company says funding is fundamental to sales growth, inventory replenishment, and paying overhead costs and wages. Often, entrepreneurs can acquire finance that actually hinders business growth. 48 Factoring believes loans are not the only option for financing your business.

48 Factoring Inc. plans to cater to small businesses over a year old which have generated more than $100,000 in revenue over the previous 12 months. For example, 48 Factoring says it can provide $10,000 in 48 hours with minimal paperwork.

48 Factoring Inc. was incorporated in March 2014 and is headquartered in Wayne. The company states it is led by experienced managers and staff with decades of experience in the field. Small business owners may apply at:http://online.48factoring.com/.

Links: http://48factoring.com