AmeriFactors Financial Group, LLC, is a business funding provider was founded in the year 1990 by Kevin R. Gowen Senior. An entrepreneur by trade, Gowen currently serves as chief executive officer cum president of this company.
AmeriFactors is headquartered in Celebration, which is a town situated in the Florida state. In 2015, Gulf Coast Bank and Trust Company acquired it, and since then, this business funding company has been serving as a subsidiary of the community bank based in New Orleans.
AmeriFactors offers factor services to business clients from around the globe, and not just in the United States of America. It offers accounts receivable (AR) financing on a non-recourse and full-notification basis, as well as on a recourse basis to SMB (small and medium-sized business) customers. The company finances business clients through purchases of accounts receivable. These are essentially amounts of money which customers or third-party debtors of businesses owe. Basically, AmeriFactors purchases accounts receivable from business customers, while in turn giving them the required cash to run their businesses. What it effectively does is turn accounts receivable to cash flow. AmeriFactors caters to businesses in many different sectors in the US, comprising communications, manufacturing, as well as other service businesses.