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.
FinSMEs
15/06/2010