Some working capital finance companies (and commercial finance companies in general) use phrases like “service with a difference” and “a different kind of company” … but then they fail to explain what makes them so different.

We would like to offer you a refreshing change of pace by explaining what, exactly, makes Far West Capital different from other commercial finance companies:

• We customize the relationship for each individual company. We offer a Non-Notification Factoring product, which means the accounts receivable we are buying [i.e., your customers] are unaware Far West is involved. This is less intrusive to your business. More benefits of A/R financing.
• On the other end of that spectrum, we can provide full-service factoring, whereby Far West Capital sends invoices, makes collection calls, and handles all credit decisions for you. We do not have a “cookie cutter” deal, we listen and shape the product specifically for the client’s needs.
• We can offer inventory financing along with a factoring deal.
• We can offer purchase order financing along with a factoring deal.
• Customer Service is our most important strategic focus. We encourage anyone looking for this type of working capital to do their homework when choosing a provider. If you cannot get a long list of satisfied clients to speak with, then you should ask yourself “why” you are doing business with this Factor. We can provide anyone who asks with a long list of current and past satisfied clients.
• You have direct access to decision makers. We do not shuffle you to inexperienced “business development” personnel. Your account will be handled by experienced professionals capable of structuring and negotiating your deal directly. This increases the speed and efficiency of getting your deal done and will make you more confident about the relationship from start to finish.

If you are in need of working capital finance services, and you’d like to experience a true difference in service, please contact us today.

… and if it were only a silly comedy staring Rick Moranis, we would be okay. But as it turns out, our economy may actually shrink in the coming months (which is part of the textbook definition for economic recession).

Federal Reserve Chairman Ben Bernanke warned Congress on Wednesday that the U.S. economy could shrink over the next few months.

“A recession is possible,” Bernanke told Congress. “Our estimates are that we’re slightly growing at the moment, but we think that there’s a chance that for the first half as a whole there might be a slight contraction.”

Of course, the alternate view of this situation is the one that comes from the White House, where softer phrases like “slowdown” are used to describe our poorest financial health in decades.

Is there any good news to go along with this?

Well, for one thing it’s important to remember that our economy is an endless cycle of ups and downs. While we don’t know how long it will be down, it’s destined to rally and rise at some point in the future. Bernanke thinks that upswing could come as early as the latter half of this year and into 2009.

Of course, Bernanke is one man. But it’s still nice to hear a note of optimism once in a while!