Pennsylvania Accounts Receivable Factoring

Almost 15 years ago an outdoor rug manufacturer in Philadelphia, Pennsylvania came to DSA Factors to factor their accounts receivable. They were working with another larger factoring company at the time, but were unhappy with the service they were receiving, as well as the fact that they were being charged for not meeting minimum volume requirements. Since DSA Factors has never had any minimum volume requirements they knew that they would not have to pay for service that they don't receive, and because DSA is family owned and operated, they knew they would get excellent personalized service. In fact, since DSA Factors offers a flat rate factoring program, they wound up saving even more money as they no longer had to pay the interest they were being charged from their previous factoring company.

With DSA Factors they found a partner that they could trust, and who provided them not only with the cash flow they needed, but also with exceptional service. At the start of our relationship together, they were doing a little more than $750,000 per year in sales. Over the years sales have gradually risen to the point where they now have approximately $1,250,000 in sales each year.

Of course, things have changed greatly over the past 15 years. At the start of our relationship the majority of their customers were furniture stores and nurseries. Today, while they still continue to sell to furniture stores and nurseries, mom and pop gift shops as well as independently owned Ace Hardware's, True Value's, and Do It Best's now account for a significant portion of their sales. Even more importantly, online retailers such as Amazon and Wayfair, as well as Urban Outfitters have become some of their largest accounts.

While they have been able to grow their business by factoring accounts receivable, from time to time they have received large orders that have required a bit more help than they get from factoring alone. In these situations, DSA has always been able to provide them with purchase order financing so that they've never had to say no to a big order or a large account.

Through accounts receivable factoring and purchase order financing, DSA Factors continues to help this Philadelphia, Pennsylvania based business grow, and we look forward to doing so for many years to come.