Continental opened its doors in 1989 to provide asset based financing (the financing of accounts receivable with recourse) to companies in various manufacturing or service businesses. We also provide old line factoring services, purchasing accounts receivable without recourse, backed by a credit insurance program provided by a major institution or credit insurance specialist.
Continental also offers accounts receivable management services to companies or institutions requiring expertise in establishing credit or collection policies and procedures.
Our clients are primarily located in California where we provide working capital financing secured by accounts receivable, inventory, equipment and other personal property. We finance small to medium-sized companies with annual sales of $10,000,000 or less, whose initial borrowing needs range from $100,000 to $1,000,000.
Continental has gained extensive experience in processing loans for small to medium sized businesses, particularly with respect to the trend at banks and larger asset-based lenders of increasing the minimum amount on commercial loans.