From Start up to Philanthropist: National Factoring Group Helps One Small Business in Telecommunication from Beginning to End
(PRWEB) May 29, 2014 -- National Factoring Group is pleased to share their client’s latest success story and how they are making a difference not only in their community but around the world. This telecommunications client was first referred to National Factoring Group by a banker, as the company didn't meet the banking requirements. Since the bank was unable to help this business, National Factoring Group was utilized to connect them with a factoring company that could. When the telecom business started they needed to factor about $60,000 a month. After about a year and a half the business grew to where they were factoring close to $700,000 a month and started outgrowing the factoring facility. While the business was happy with the service that they were receiving, it was time to move on. Once again the telecom business utilized National Factoring Group to find the factoring company that would best fit their expanding needs. In this case the business selected a factoring group that was a part of a bank. The business continued to grow and was now factoring over $1,000,000 a month. This growth did not happen overnight and the customer utilized factoring for almost three years before they were able to move on. Now the business has a traditional bank line with the bank that originally sent them through National Factoring Group.
This growth in itself is a success; however this client now is using his success to help those in across the globe. As a naturalized citizen to the United States the owner is patriotic and loves this country while still having strong ties to his birth nation. Just before making the transition the owner spoke about a passion project that was in the works. Having grown up in a poor part of India and with family still living there, it was important to give back. After reaching out to some of his friends in the Telecommunications industry, the client started raising money to start a pediatrics clinic in his home town back in India. To date now only not only is the telecommunications business doing well but the clinic had been operating for several months.
National Factoring Group is the best way to find your factoring company. This is the one resource that allows comparisons of the factoring companies across the country so that businesses can make the best decision; both on structure as well as price. National Factoring Group sorts through thousands of options showing only factoring companies that work within the specific industries. National Factoring Group gives unique insight into each factoring company, giving businesses confidence in selecting the best factoring company. Visit National Factoring Group to learn more and find your next factoring company.
Brandi Bauer, National Factoring Group, http://www.nationalfactoringgroup.com, 214-272-0334, [email protected]
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