Finance Resource Guide
CIT Commercial Services11 W. 42nd St.New York, NY 10036Contact: Ann-Margret Craterwww.cit.comYear Established: 1908Territory: The Los Angeles office serves clients in the Western United States and Asia.Services: CIT Commercial Services operates through the U.S. and internationally. CIT is the nation’s leading provider of factoring, credit protection, and accounts receivable management services. Companies of all sizes turn to CIT for protection against bad-debt losses, to reduce days’ sales outstanding, and to enhance cash flow and liquidity.Competitive Edge: CIT’s breath of services, experienced personnel, industry expertise, proprietary credit files on over 330,000 customers, and comprehensive on-line systems are all reasons that clients say give CIT a competitive advantage.Goodman Factors3010 LBJ Freeway, Ste. 140Dallas, TX 75234(972) 241-3297Fax (972) 243-6285Toll-free (877) 4-GOODMANwww.goodmanfactors.comContact: Jessie Valdivia or Bret SchuchYear Established: 1972. We are the oldest privately held factoring company in the Southwest.Apparel-Related Clients: 60 percentAnnual Volume: $350 millionTerritory: NationwideServices: Recourse and nonrecourse invoice factoring for businesses with monthly sales volumes of $10,000 to $2 million. Services include invoice and cash posting, credit and collection service, and cash advances on invoices (usually same day) upon shipment. Startups OK.Competitive Edge: Due to our relatively small size and centralized-management philosophy, our clients often deal directly with company management/ownership as opposed to an assigned CRM or account executive. Our size and accessibility enable us to provide flexible arrangements and quick decisions. New accounts can be initiated in as little as 24 hours.Milberg Factors, Inc.Main Office:99 Park Ave., 21st Fl.New York, NY 10016Western Regional Office:655 N. Central Ave., 17th Fl.Glendale, CA 91203(818) 649-8662Fax (818) 649-7501www.milbergfactors.comdreza@milfac.comContact: David M. Reza, SVP Western RegionYear Established: 1935Apparel-Related Clients: 65 percent Territory: Primarily North and Central America, Europe, and Asia Services: Factoring, credit protection, and asset-based and import/export financingCompetitive Edge: Milberg Factors offers a competitive menu of factoring, financing, and receivables-management products for entrepreneurial and middle-market companies with more personalized attention than larger institutional firms. A partner of our firm manages every client relationship. Our 70-year track record in the core factoring industry assures our clients that they will enjoy a stable relationship supported by a mature and experienced staff.
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