A business’s communications with its customers, particularly around finances and payment, is essential to the business relationship. So naturally, one of the first questions a business new to factoring often wants to know is how we will work with their customers, known to us as account debtors.
THE
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Factoring helped this company pay back the IRS and the bank.
An IT Staffing company that specializes in providing very skilled programmers to large consulting firms had outgrown their bank line of credit. Due to the lack of working capital, the company was unable to pay the bank back and they also could not meet their payroll tax obligations.
We worked with the bank to structure a different kind of payment plan.
A young fabrication company hit a rough-spot when the oil and gas market began to decline in 2015. They maxed out their line of credit with the bank and were upside-down in their payments. The borrower needed more working capital, but the bank couldn’t extend them anymore.
Can releasing collateral actually improve your chances of getting paid back?
We’ve found if the bank detects certain trends early on, a partner like Catalyst could be the answer to help both bank and borrower.
An established oil & gas company needed funding to operate during an industry downturn.
“Catalyst helped me with a customer in desperate need due to their current factoring company stopping their service very suddenly. Catalyst acted quickly and professionally. They worked with me and the customer to get them back to work. It was an easy process, and they are always there to answer any questions the bank or the customer might have.”
– Bank Partner
Factoring for Oilfield Service Company
This company was established because of the increased demand for welding and fabrication to service the fracking fleets in West Texas for the oil & gas industry. Catalyst helped fund their explosive growth.
What alternative financing options do you have if the bank says no?
We all love a good Shark Tank episode, but did you know there are other ways to finance your business that don’t make you give up equity? We outline several options to consider.
What is the difference between factoring and a bank line of credit?
We’ll outline the different terminology in factoring invoices versus a traditional bank loan. This can help you better understand how factoring works.
Our funding helped Jaguar Fueling get to the next level in their business.
When Jaguar Fueling’s funding was impacted by Hurricane Harvey, Catalyst helped meet their cashflow needs and got them back to bank financing.
“I would totally recommend Catalyst. They have competitive rates and are large enough to service you but small enough to know you and help you grow.” – Amber Isaacks, Vice President, Jaguar Fueling
A new company needed funding to bring their vision to life.
As a new company with a great idea, Arion was introduced to factoring as a way to solve their cash flow challenges while preserving equity.
“Catalyst Financial has made the process and subsequent accounting seamless. They are experts in this field and work with you to ensure timeliness, accuracy, and completeness. Catalyst is very responsive and conducts their business exactly as promised.” – Elaine Lisenbe, Chief Financial Officer
Common Factoring Myths
Accounts Receivables financing, commonly known as factoring, is an often misunderstood type of funding. In this article, we outline the common confusions.
What’s hidden in the fine print from online lenders?
Through advances in financial technology, there has been an emergence of online financing companies that promise credit line approval in as little as 5 minutes. The process sounds fast and easy, but what are you really giving up by going through this automated process?
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