A Funding
for Businesses
WANTED:
DEALS…
Large AND
and Investors
Small
WE SAY YES WHEN
OTHERS SAY NO!
If you own a business in need of money or you’re
We Fund Invoices and
an investor looking for a new moneymaking Purchase Orders Nationwide!
opportunity, factoring could provide exactly
High Commissions With
what you want.
Direct Deposits!
Online Funding Applications
With traditional credit markets Myth busting and Consultant Packages!
tightening the screws from origination Let’s dispel the widespread, well-
through underwriting and “lending known myth surrounding the use of
Quick Approval & Funding!
standards,” Ken Walsleben of the factors. Companies that turn to these
Hamilton Group calls the current nontraditional lending sources are not
Apparel, Construction,
economic picture the “perfect storm” necessarily looking for a life preserver.
for factoring. Not everyone who opts to factor does
Trucking, & Govt. Contracts!
“Traditional lenders, like banks, don’t so in the face of financial trouble. In
want to take any risk in this market,” fact, many companies using factors
24/7 Online Access to Industry
Walsleben says, “so manufacturers are often hotshot, up-and-comers.
Leading Factoring Software!
turn to alternative lending sources like Gerry Mydlowski, owner of DPL
factors. We don’t look at our products Corporation Southeast, has relied on
as loans the way a bank does. We look factoring many times and with great
at them as investments.” Walsleben results. In fact, although some business
and the other Hamilton principals are owners prefer to keep their factoring
looking forward to a profitable season. practices close to the vest, Mydlowski
However, he adds a cautionary is a vocal advocate of factoring benefits
statement to those who may think for the small-business owner.
factoring is risk-free. “The number of “Occasionally, we get backed up with
ways factor investors can get burned clients who are late on payments, and
JhaniraCapital.com
is limited only by their imaginations.” we have payroll due in a couple of
Consultants@JhaniraCapital.com
growingwealthmag.com I Growing Wealth I July 08 I 25
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