Oxygen Funding, Inc., a Lake Forest, CA-based asset-based lending company providing cash flow solutions to small and mid-sized businesses nationwide, received over $1m in funding from private investors.
The new capital will enable the company to fund its growth.
Asset-based lending, or factoring, is a financing alternative that allows businesses to sell their accounts receivables for immediate cash. Oxygen Funding helps clients manage their accounts receivable, provides pre-screening of potential customers through a credit checking system, and shares any other pertinent information when available.
The Web site of the company also allows clients to initiate and manage every aspect of their factoring transaction.