SOURCE: Business Factors

business finance, factoring, Business Factors, oil spill factoring, oil spill financing

June 21, 2010 06:00 ET

Business Factors Sets Aside $100 Million to Finance Oil Spill Clean Up Contractors

LOS ANGELES, CA--(Marketwire - June 21, 2010) -  Business Factors has set aside $100 million as contractors look to business finance options while working on the Deepwater Horizon oil spill.

As the effects of the oil spill continue to spread and affect larger regions, contractors need to quickly hire more people to help with containment and clean up. Pressure from the government and public has made the clean up even more urgent. Business Factors can provide money for contractors who need accelerated cash flow as well as financing for equipment. Businesses may need to take advantage of's factoring services in order to solve this problem in a fast and efficient manner.

Business Factors offers factoring, which is a fast and simple way to get immediate cash in return for invoices and accounts receivable. Contractors provide their invoices to Business Factors. Business Factors will then give them up to 96% of the face amount in cash. It then waits for the invoice to be paid and takes 100% of the credit risk. There are no upfront fees with easy credit qualifications, consulting; and cash can be received in 24 hours. Contractors interested may complete the contact sheet on the website or call 888-234-6663.

Having been in the oil and gas business finance industry for several years now, the company knows the needs of contractors. "We understand the pressures and time restraints that contractors in the gulf region are feeling and we are here to assist," said Robert Bernfeld, president of Business Factors. "Finding reasonable financing options can be difficult, but Business Factors is committed to assisting those who are working on the cleanup effort."

For additional information, call 888-234-6663, or visit

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About Business Factors:

Business Factors is a business finance company that specializes in providing invoice factoring, accounts receivable financing, equipment loans and leasing, and more to businesses across the US and Canada. They are experts in the business and finance industry, and can help large and small businesses successfully find the best solutions for their growing business capital needs.

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    Matthew Miladinovich