Our services are targeted to those clients who fall outside of normal banking and full service conventional factoring parameters. Scenarios may include:

Accountants sometimes mistake the industry as a lender of last resort, and are skeptical of their involvement with their business clients. This is simply not so. New clients are often referred to us by accountants and bookkeepers who readily see businesses that face gaps in cash flow and need some short-term external financial help. As a direct lender, we are able to supplement conventional banking services to those clients where a conventional Bank line of credit cannot be implemented or simply is inadequate for the client’s needs. Philmark specializes in short-term financing as small as a few thousand dollars and as large as maximum commercial credit scores allow.

With the addition of Philmark’s services, companies often become more bankable, develop stronger balance sheets, increase their annual profits and grow to a size where long-term lenders may now consider a conventional accounts receivable margining program or an increase in any existing conventional Bank financing feasible.

Consider discussing the benefits of accounts receivable or trade financing when conducting year end reviews with your business clients.