In 48 Factoring’s first full year in business, it funded more than $6.9 million in factoring contracts, providing significant working capital on an expedited basis to small businesses in Pennsylvania, New Jersey and elsewhere.

The company expects significant further growth in 2016 as it expands into new geographic markets, and as more regional businesses come to appreciate the convenience and effectiveness of 48 Factoring’s product.

“We are thrilled that we were able to achieve a mid to upper seven figure volume in business during our first full year. The company greatly enjoys providing our clients with the cash flow needs to meet their goals in a cost-sensitive and efficient manner,” said George Bessenyei, director of Wayne, PA-based 48 Factoring.

48 Factoring is a Better Business Bureau accredited financial services company using proprietary software technology to assess funding risk and create innovative solutions to help small businesses grow.