PHILADELPHIA, Jan. 19, 2016 /PRNewswire/ -- Today 48 Factoring Inc. (the "Company") announced that in 2015, its first full year in business, it funded over $6.9 million in factoring contracts, providing significant working capital on an expedited basis to small businesses in Pennsylvania, New Jersey, and elsewhere. The Company expects significant further growth in 2016 as it expands into new geographic markets, and as more regional businesses come to appreciate the convenience and effectiveness of 48 Factoring's product.
George Bessenyei, director, commented as follows:
"We are thrilled that we were able to achieve a mid to upper seven figure volume in business during our first full year. The Company greatly enjoys providing our clients with the cash flow needs to meet their goals in a cost-sensitive and efficient manner. We are especially excited about our prospects as we look forward to 2016 in beyond, as demand for our funding continues to escalate."
About 48 Factoring Inc.
48 Factoring Inc. is a Better Business Bureau accredited financial services company using proprietary software technology to assess funding risk and create innovative solutions to help small businesses grow. Its unique Factoring 2.0™ financial product is tailored to small, fast-growing companies in need of working capital. As a result, 48 Factoring markets its services directly to small business owners. Incorporated in March 2014 and headquartered in Philadelphia, Pennsylvania, the company is led by experienced managers and staff with decades of experience in the field.
For more information, please contact:
Phone: 1-84-48-FACTOR (1-844-832-2867)
SOURCE 48 Factoring Inc.