What is it?
Factor Finance provides working capital lines of credit for factoring companies to help them build their portfolio, while gaining access to industry experts with over 25 years of experience in the asset-based lending and factoring industry.
How Does it Help Factoring Companies Grow their Portfolio?
- Offers lines of credit up to $10 million
- Provides participation opportunities for larger transactions
- Refactor/rediscount excess receivables
- Provides backroom support and credit monitoring
- Leverages Hennessey Capital’s factoring technology platform
- Provides factoring businesses with the ability to transition existing clients to A/R and inventory lines of credit for longer retention
To learn more, contact Mike Semanco at 248.658.1100
Download the Factor Finance Application
Collateral Management Services
Banks and non-bank lenders can increase their ability to fund more prospects by leveraging Hennessey Capital’s Collateral Management Service. Outsourcing the functions of invoice validation, invoice collection, payment application, processing of borrowing base certificates, and systematic field exams allow non-asset based lenders the ability to expand their commercial lending products.