Phil Wiper
Leamington, ON (CAN)
Role(s):
IMM Financial Solutions
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Startup
Location:
Leamington
Industry:
Finance
Year Founded:
2007
Number Employees:
INVALID
Description:
Our company is a new account receivable start up as of 2007 but we have a combined financial experience of over 25 years.
Accounts receivable funding is one of the oldest forms of financing. It has been around in one form or another for more than 4,000 years. Until the mid 1980s, most people thought accounts receivable fund¬ing was only used in the textile and garment industries. Today, accounts receivable funding is a widely used and viable financing solution for all types of businesses that extend credit terms to their customers.
When making a funding decision, we focus on the creditworthiness of the client’s customers while banks will focus on our client’s company’s financial history and cash flow.