As a factoring company Fostrian's mission is 100% centered on fostering our clients' growth and overall emergence to success. We want our clients to strengthen their financial position and graduate to bank financing.
Evolution of Factoring and Asset Based Lending Companies
Until recent times, factoring was dominated by factoring companies/ asset based lending companies lending into the textile industry. This has changed over the last 30 years or so as factoring companies and asset based lending companies have diversified into virtually all business-to-business industries.
An even more recent development is niche factoring, where factoring companies/asset based lending companies specialize in certain industries, deal size etc. You now see factoring companies and asset based lending companies specializing in trucking, construction, staffing, medical, international sales and government sales. Other factoring companies and asset based lending companies specialize in deal size; some factoring companies go after only the smallest-of-the-small clients, other factoring companies serve only the largest clients.