Factoring for Technology Companies

Posted by 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 the IT temporary staffing to grow another 7% in 2015 and reach $27.8 billion.  Meaning, big business for tech companies. It also means they need to be ready with the proper working capital to take advantage of the continuous growth. Big staffing companies clients often take 30-60 days...

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Factoring Tech Companies

Posted by 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 ideal solution to helping 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 getting paid. 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 at the...

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