New York City Accounts Receivable Factoring

About five years ago an employee of one our clients decided that he wanted to start his own business. Knowing how much DSA Factors had helped out his previous employer, he knew that if he wanted to succeed in New York, that he was going to need DSA's help.

He was starting a baking supply company, and was going to be selling to mom and pop gift shops and local grocers, his typical order was little more than $100. In his first year he had less than $200,000 in sales. In his second year sales increased only slightly to a little more than $250,000.

During these first two years he found out that his products, although they sold throughout the year, tended to sell better during the holidays and so he started to make them with holiday themed decorations. His third year in business started off in much the same fashion as his first two had, but what happened next was a huge surprise.

As the holiday season rolled around, he started getting orders from some new accounts, but not just any new accounts, these were Homegoods, Dollar General, Edward Don, Walmart and Target. In September of that third year, they did nearly as much business as they had done in their first two years combined. But it didn't end there, by the end of that year they had done over $1,500,000 in sales.

However, the story doesn't end there, to this day they still continue to grow. Last year, their fifth year in business, they had over $3,500,000 in sales. They are still selling to all of those companies that gave them their first big break, as well as to casinos in Las Vegas and elsewhere, and quite a few large grocery store chains. DSA Factors is very proud that we've been able to help this New York based business reach such heights, and we are very excited about what the future has in store for them.