The Wayne-based financial service company 48 Factoring Inc. reports it has recorded positive earnings for its first six months of operation and has secured $4.7 million in investor financing.

The company says it is poised to provide significant capital for Philadelphia-based small businesses.

“Our ascension has been swift and solid,” said George Bessenyei, company director.  In just six months of operation, we have cemented into place the building blocks enabling the realization of our growth plan for 2015 and beyond. That we were able to accomplish this in a start-up phase while simultaneously turning a profit is evidence of the enormous potential of our business model.”

48 Factoring Inc. uses proprietary software technology to assess funding risk and create innovative solutions to help small businesses grow. The firm says its unique Factoring 2.0TM financial product is tailored to small, fast-growing companies in need of working capital. The firm was incorporated in March 2014.

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Top Photo via 48 Factoring Google+