| criteria for traditional
bank financing, yet have significant short-term
assets that can be sold or pledged as
collateral. FactoringOnline's targeted customer
base will consist of businesses with total
annual revenue under $5,000,000. The
forecasted credit facilities for the target
market would be from $10,000 to
$2,000,000. |
|
According to the Commercial Finance
Association, total factoring volume grew to
almost $96 billion in
2006.
| |