CapFlow Funding Group® is proud to announce the closing of a $1,500,000 second-position factoring facility for a New York-based custom manufacturing service company. This flexible working capital solution will allow the company to strengthen cash flow. It will also support production timelines. In addition, it will help them confidently take on larger contracts.
“Manufacturing companies often face significant cash flow gaps while waiting for customer payments,” says Kerry Hunter, CapFlow Funding Group®. “This second-position factoring facility provides the additional liquidity the business needed without disrupting its existing financing structure. We’re excited to support their continued growth.”
Second-position factoring is designed for businesses that already have an existing lender with a first-position lien but still require additional working capital. In this structure, companies leverage their accounts receivable in a subordinate position. As a result, they can unlock extra capital to fund payroll. This also enables them to purchase materials, and scale operations. This can be done without replacing their current financing partner.
“At CapFlow, we specialize in structuring creative funding solutions that help businesses overcome cash flow obstacles,” says Thomas Ingrassia, Chief Risk Officer at CapFlow Funding Group®. “This facility gives the company the financial flexibility to maintain production schedules and pursue new opportunities in the competitive manufacturing sector.”
This $1,500,000 facility highlights CapFlow Funding Group®’s continued commitment to helping businesses access the capital they need to grow. Through innovative solutions such as second-position factoring, CapFlow provides companies with the financial tools required to navigate cash flow challenges and expand operations.
If your business is experiencing cash flow delays due to slow-paying customers, CapFlow Funding Group® can help.
Visit capflowfunding.com to learn more about our factoring solutions or apply for a customized funding facility today.
