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Merchant Factors Corp was founded in 1985 by Walter Kaye. His goal was to service the factoring and accounts receivable needs of small growing business enterprises that had ideas, energy, and products, but lacked the working capital, credit protection, and administrative support to reach full potential. Most traditional banks, factors and asset-based lenders consider these clients too small, too new, too undercapitalized, too time consuming, or too unprofitable. Continuing consolidation of financial institutions has made it even more difficult for small and middle-market businesses to secure financing and the ear of a financial advisor. Yet, working with Merchant, many clients have achieved considerable success. And so has Merchant, expanding services and staff to better serve our growing list of clients. Merchant continues to serve businesses with annual sales of $500, 000 and over, unlike the larger factors and lenders who close their doors to manufacturers, jobbers, converters, importers, service companies, and start-ups. Newer businesses require understanding, advice, and the support of a lender like Merchant which is dedicated to small businesses and addresses their specific need quickly, consistently, and professionally. Among the industries that we service and thoroughly understand are: Textile Apparel Electronics Giftware Accessories Toys Luggage Furniture Shoes Costume jewelry Linens and bedding Printing Computer consulting Outsourcing and other service industries And many other businesses Merchant also provides financial assistance in the form of purchase guarantees, letters of credit, credit information on your customers, customer aging and status, and good old fashioned business advice. We have no credit committees. You get immediate answers. Merchant offers you access to capital yet frees you from credit, collection and bookkeeping responsibilities.