Building a successful moving and delivery company comes with a lot of upfront expenses, like costly insurance and equipment. After being turned away by some traditional banks due to the ebbs and flows of a business that slows down in the winter, Angel found an angel. An angel of funding, that is. 48 Factoring provided Angel with the working capital that he used to secure the proper insurance he needed to run his operation.
Once he completed paying off the first round, he secured a new capital funding arrangement with 48 Factoring. With that additional money, Angel purchased a truck for his business. Owning equipment meant avoiding costly truck rental or leasing fees, which resulted in doubling his yearly gross revenue.
Real-Time Delivery & Services LLC.is a small moving, courier and delivery company with a big reputation for excellent, reliable service. They have a 5-star rating on Yelp, with customers saying things like, “They’re really as good as everyone says” and “Wow - a great team!!! From the owner to every employee they care about what they're doing.”
“There are peaks and valleys in the moving business that most banks don’t understand. They look at a set of numbers, such as your credit score or balance sheet, and they turn you away- and in the process- can make you feel demoralized and disrespected,” said Angel, “48 Factoring didn’t shut the door on me. They understood that to make money, my business needed access to money.”
Angel heard about 48 Factoring and reached out to them. After a few phone conversations, Angel sat down in person with a 48 Factoring representative to ask questions about the process and if this could be the right solution to his funding needs. After an in depth discussion where questions were thoroughly asked and answered on both sides, Angel felt confident that 48 Factoring could help him with his pressing financial needs, such as paying for insurance and equipment, as well as his long-term working capital needs for his growing business. Angel knew that he had found a trusted source for those times when he needed access to additional funds.
“Once the paperwork was completed, the process was very quick and easy,” said Angel. “48 Factoring treated me with the utmost respect, and I sincerely appreciated being treated this way. It made me feel very good.”
One of Angel’s favorite things about 48 Factoring was the payment system. 48 Factoring securely collects a fixed amount daily via the ACH system directly from the client’s bank account. They work with the client during the closing process to arrive at a mutually agreeable daily amount.
“I don’t have to try and remember- did I write a check this month? They take the fees directly out of my bank account. It makes the entire process so easy.” Angel commented.
Just recently, Angel had some mechanical issues with his truck. 48 Factoring was able to help him out “in a pinch”. The additional funding he secured through this specific transaction allowed him to get the truck repaired quickly so he could continue to do business.
Angel said that the most beneficial aspect of working with 48 Factoring is the peace of mind it gives him. He appreciates being treated as a respected, trusted business partner.
Real-Time Delivery & Services LLC. is located in Philadelphia’s Delaware Valley. For more information visit www.realtimedeliveryandservices.com.