WAYNE, Pa., Jan. 26, 2015 /PRNewswire/ -- 48 Factoring Inc, a financial service company focused on helping to provide small businesses with easily accessible working capital, announced today that a group of investors have agreed to provide approximately $4.7 million financing in the form of debt.
Separately, the company is pleased to report that it has recorded positive EBIDTA for its first six months of operation, as well as for the entire financial year of 2014.
Company Director George Bessenyei commented as follows: "Our ascension has been swift and solid. In just six months of operation, we have cemented into place the building blocks enabling the realization of our growth plan for 2015 and beyond. That we were able to accomplish this in a start-up phase while simultaneously turning a profit is evidence of the enormous potential of our business model. Backed as we are by our new and existing investors, we are perfectly positioned to provide significant capital for Philadelphia-based small businesses. I would also like to take this opportunity to thank our hard working team for achieving these milestones on such a compressed timeframe."
About 48 Factoring Inc.
48 Factoring Inc. is a financial services company using proprietary software technology to assess funding risk and create innovative solutions to help small businesses grow. Its unique Factoring 2.0TM 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 Wayne, Pennsylvania, the company is led by experienced managers and staff with decades of experience in the field.
T: 1-84-48-FACTOR (1-844-832-2867)
E-mail: [email protected]
SOURCE 48 Factoring Inc.