Atlanta, GA -- (SBWIRE) -- 11/24/2010 -- Aberdeen Funding is pleased to announce the establishment of a $500,000 Factoring facility for a company producing product for the High-Tech consumer market. Aberdeen was pleased to coordinate the arrangement of an accompanying Purchase Order Financing facility to allow for the production and importation of significant numbers of these devices. These joint facilities will allow for the easy satisfaction of increasing demand for this product from retailers nationwide particularly in time for the Holiday shopping season.
In a further noteworthy development, Aberdeen has recently put into place a Factoring facility in the amount of $150,000 for a growing plastics recycling plant based in the Atlanta Metro area. This company recycles plastic for subsequent use in the manufacture of carpeting for the commercial market.
Although not necessarily reflected in the rate of Unemployment in the country, these new facilities reflect an underlying increase in business activity and a concomitant increase in demand for Working Capital. Aberdeen is pleased to play its part in getting America back to work. Continued efforts on the part of our new Business Development team, vigorous attention to the promotion of internet-based marketing activities and traditional efforts in building relationships are all serving to promote our visibility in the market place. This effort is ably supported by an effective Operations team and, as one client has said: “ Aberdeen has been a life-saver, stimulating cash-flow. Outsourcing AR responsibilities and permitting us to be more strategic with our time."
Aberdeen Funding is an innovative, forward-looking commercial finance company devoted to providing a selection of highly effective Working Capital programs designed to allow its clients to enjoy unfettered growth and smooth cash flow, combined with a personal touch. We service traditional manufacturing, distribution and service clients and any other kind of business dependent on selling on terms to its commercial customers. Our technology finance division targets emerging technology companies seeking early revenue stage financing. These innovative credit facilities range in size from $20,000 to $4 million, enabling clients to gain precious cash to fuel growth, meet payroll demands, procure raw material, purchase equipment and smooth cash flow cycles.
If you are associated with any company seeking Working Capital, why not give us a call? While not wishing to say that “talk is cheap” a sensible discussion of issues and options is something we will happily share with you without any obligation.