Marco provided a factoring facility to Spectron Systems Technology, a Hauppauge, NY-based company that has specialized in designing and creating tilt sensors and inclinometers since 1947. Spectron Systems Technology opened a factoring line with Marco for the purpose of optimizing cash flow and operations.
“Marco Capital is quickly becoming a substantial resource to cash access and growth of the business,” Peter Frazzetto, CEO of Spectron Systems Technology, said. “When order volume is growing, constraints of cash flow in manufacturing can stunt production. Access to receivables allows for fluid material purchases without waiting for the irregularity of customer remittance. Finding a balance of feeding production and managing operating costs will propel our growth to meet increasing customer demand because of Marco Capital’s partnership.”
“Working with Spectron has been a great experience,” Bryan Hatfield, a business development officer at Marco, said. “Seeing a company that has such a presence in their industry and a longstanding, strong relationship with their debtors is wonderful. I look forward to seeing how their CEO, Peter Frazetto, will use the partnership with Marco Financial to take this business to the next level in 2024.”
