Factoring for Technology Companies

Posted by Chris on Jan 14, 2015 in Technology Financing | 3 comments |

Factoring for Technology Companies

Technology IT companies are experiencing a long period of growth and often use temporary staffing companies to fulfill their needs.   Over the last 14 years, IT employment has increased by more than 41%, compared to just 3.3% of total employment. Many expect IT temporary staffing to grow another 7% in 2015 and reach $27.8 billion- big business for tech companies. It also means they need to be ready with the proper working capital to take advantage of continuous growth. Big staffing companies clients often take 30-60 days to pay invoices. The...

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Factoring Tech Companies

Posted by Chris on Oct 21, 2013 in Business Tools, Technology Financing | 0 comments |

Factoring Tech Companies

Purchase Order Financing and Invoice Factoring Technology Companies can be the best solution in order to help the IT industry with their cash flow needs. Technology companies, whether a start-up or IT industry veteran, can run into cash flow issues. Tech companies can’t wait 30-60 days without receiving any payment. Not getting a payment and still expecting to meet payroll is impossible. All the more with having the working capital to expand to new markets. Factoring companies don’t look at your businesses credit. Instead, we look...

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