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PBCC Hurricane Relief to Small Businesses
Disaster Relief to Gulf Coast BusinessesCapital to Rebuild - Relief Efforts of PBCC | Small Business to Recuperate under PBCC Guidance | 11/08/05
| There are some people in this country who have experienced the worst luck imaginable over the last few months. Pacific Business Capital Corporation (PBCC), a Commercial Accounts Receivable funding firm, is committed to helping businesses impacted by Hurricane Katrina in the States of Louisiana, Alabama, Mississippi, and Florida.
The flow of immediate assistance tends to diminish as the media coverage abates – resulting in unforgiving hardships as the callous process of reconstruction and redevelopment begin. Our promise to provide assistance remains after the headlines fade.
A study completed by Experian, a global information solutions company, shows commercial properties in the Gulf States had up to $40 billion in outstanding payables at the time Hurricane Katrina ravaged the region. Additionally, businesses in the counties and parishes that the Federal Emergency Management Agency (FEMA) announced as the most impacted by the hurricane had an estimated $7 billion in unsettled balances.
With small businesses making up the overwhelming majority of business in the United States, our nation looks to them to lead economic renewal after disasters. Tens of thousands of small businesses were impacted by the enormous scope of damage:
- Professional and business services firms were the hardest hit by the disaster
- The hurricanes affected more small businesses (businesses with fewer than 50 employees)than any other business segment
- Small businesses rely heavily on local customers
- The success of small firms in getting back on their feet will be highly correlated to the ability of the local economy to recover
PBCC is committed to the areas attempting to recover from the massive storm. We are making a serious financial pledge allowing clients in staffing, transportation, manufacturing, distribution, and service and technology sectors of the economy to recover, and to help provide long-term development. Additionally, we will serve new clients quickly with capital to rebuild.
PBCC is a direct lender providing many types of commercial finance programs including Accounts Receivable Financing & Factoring, Invoice Purchasing, Trade Finance, Purchase Order Financing, Asset-Based Lending, and Post Bankruptcy Factoring. We are a mid size asset-based lender, providing fast and efficient factoring of receivables and other asset-based loans for clients across the United States.
Call toll free at (800) 916-3280 or write us at pbcc@pbcc.com. |
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