OCEANSIDE, Calif., Oct. 28, 2022 (GLOBE NEWSWIRE) — After a year of economic uncertainty for business owners across the country, Monterey Financial (MFS) is pleased to offer the purchase of accounts receivable to help meet fourth quarter fiscal targets. MFS has proudly served thousands of business clients for more than 30 years and is a leader in consumer finance, credit servicing and bad debt recovery with an emphasis on a compassionate approach to customer service. Rated “A” by the Better Business Bureau since 2000, and just earning a spot on San Diego’s “Best Places to Work 2022,” the team brings a wealth of expertise and experience to the task of delivering client success in the midst of disruption support financial climate.
“For over 20 years, our ability to quickly buy distressed and existing portfolios in bulk has helped pave the financial path for countless companies across multiple industries,” said Chris Ratigan, Vice President of Business Development. “As the fourth quarter winds down, we can help you clean up your books, accelerate cash flow, increase year-end sales and reduce maintenance costs.”
MFS is a proud member of the Turnaround Management Association (TMA) with a world-class team that has managed billions and helped companies monetize and/or optimize their own internal financial programs. They continue a 19-year relationship with Wells Fargo and recently renewed a three-year line of credit that provides enough capital to purchase sizeable portfolios. Over the course of three decades, Monterey has assisted clients with, among other things:
- Numerous portfolio purchases ranging from $500,000 to $5 million, across a variety of consumer service and product industries
- portfolio liquidation for a large furniture retailer, purchasing $57M from bankruptcy
- Acquired/managed a $66M position from a nationwide jewelry chain
- Act as a Buy Now, Pay Later support partner to a variety of fintech lenders to help them get started 350 million dollars
- account closures In a relationship…
