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FG relocation
2011-08-04August, 2011–Factor Group, a company dedicated to providing working capital solutions for small businesses across the United States, has anno
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FG corporate social responsability
2011-08-01Factor Group helps a renowned international Nonprofit Organization reach international markets and promote education for children around the world
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Financing opportunities in turbulent times
As part of World Trade Week 2011 which took place in Miami, FL from May 19th to the 27th, The Greater Miami Chamber of Commerce organized a forum in which panelists discussed how to access credit and financing under the current economic climate.
Financial entities such as Citibank, Export-Import Bank of the United States and Factor Group LLC were part of the panel, Citibank was represented by Abby Martinez who has more than 20 years of banking experience with the majority of that being dedicated to trade finance. She currently holds the position of Vice President and is the Atlantic Division Trade Specialist for Citibank. The second Panelist was Sharyn Koenig, who has nearly 30 years of experience with Ex-Im Bank’s products, and advises exporters, bankers and the trade-related business community in international risk mitigation and trade financing techniques. The third panelist was Mr. Rafael A. Diaz – Balart who is currently a member of the Business Development Team at Factor Group LLC. Mr. Diaz-Balart is responsible for developing and maintaining new business for Factor Group throughout the United States. In his time at Factor Group, Mr. Diaz- Balart has developed specific knowledge in providing solutions to companies in the aerospace, oil and gas field services and produce industries and has worked extensively with exporters and government contractors.
Factor Group presented the audience with a financial option for business leaders and exporters seeking financial alternatives that help them meet the challenges their companies are facing in order to meet their working capital.
“Factoring is the process whereby a company sells its accounts receivable at a discounted rate in exchange for immediate cash. It is a financing tool that offers companies benefits and advantages,” explained Mr. Diaz-Balart.
- Quick access to working capital without creating liabilities on a business’ balance sheet
- Accounts receivable collection and follow-up services
- Ability to pay suppliers early and receive quick-payment discounts
- Increased sales volume
- Improved credit risk management
- Easy qualification process
Bibliography:
Greater Miami Chamber of Commerce
