Santa Clara, CA -- (ReleaseWire) -- 07/25/2014 -- Bay View Funding announced it recently provided a total of over $1.8 Million in accounts receivable financing. Gil Oliva, Factoring Consultant, funded three transactions, all dynamic growth companies needing factoring services in Missouri, Michigan and Texas. Bay View Funding has the expertise to quickly and efficiently help companies in many specialized industries, and also enjoys strong relationships with Commercial Bankers and Brokers, finding solutions that address financial challenges.
Contract Satellite Installation Company
Challenge: The Company, which specializes in contracting to the cellular tower industry, needed to upgrade their cellular technology to capitalize on new contracts. In order to be successful, it was vital they utilized their working capital. Waiting 30-90 days for invoice payment was severely prohibiting their ability to grow.
Solution: Where traditional forms of financing failed, Bay View Funding responded quickly, allowing the client to successfully bid and win large contracts with confidence. Fast, efficient, early advances on account receivables enabled operating costs, and payroll demands to be met on time, and the company to grow and be successful.
Challenge: This transportation company specializes in helping owner operators direct haul for large brokers and logistics companies. Their bank was unwilling to release the AR on an outstanding loan, and denied the request to subordinate. One of the main struggles for this transportation company was a language barrier when attempting to communicate with the bank and other institutions..
Solution: Since Bay View Funding has bilingual representatives on hand they were able to act as an intermediary and work with the bank to come to a successful resolution. Working capital assistance enabled the client to pay down his outstanding lines of credit.
Oil Maintenance Company
Challenge: As a specialist in welding, mending and fixing oil rig structures, this Company works with many subcontractors and has to have enough working capital to cover payroll for irregular contracts, or sudden, unexpected increases in business. Billing through general contractors can often result in later payment terms, which was causing a shortfall in available cash.
Solution: Bay View Funding works with a multitude of oil and gas companies, and was able to provide a reliable invoice factoring service, which covered the cash shortfall, and enabled the business to pay their subcontractors on time.
If your company is experiencing rapid growth, but has minimal business history, it may be perfectly suited to use invoice factoring from a reliable Factoring/Accounts Receivable company like Bay View Funding. We have been in business since 1985, and can provide the knowledge and reliability to help fund working capital needs where the majority of banks would not be able to help. The ability to perform quick credit checks and review contracts on a daily basis, ensures no invoice, client or project is left behind. We are able to thoroughly review and accommodate the most difficult business situations.
About Bay View Funding
Headquartered in the San Francisco/Bay Area, Bay View Funding is a successful provider of accounts receivable financing for major industries, including staffing, distribution, manufacturing, government contracting, oil and gas, trucking and wholesale. The team of financial experts at Bay View Funding has been providing factoring services to businesses – in a wide range of industries – for more than three decades.
WHERE TO GET MORE INFORMATION
To learn more about Bay View Funding and their unique factoring service, call Bay View Funding at 1-888-229-9993, or visit the website at www.bayviewfunding.com