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The Secured Lender
SFNet's The 81st Annual Convention Issue
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January 2, 2024
Source: Marco
The company located on Hauppauge, New York on Long Island, that specializes in designing and creating tilt sensors and inclinometers since 1947, Spectron Systems Technology, opened a factoring line with Marco with the purpose of optimizing cash flow and operations.
“Marco Capital is quickly becoming a substantial resource to cash access and growth of the business”, said Peter Frazzetto, CEO of Spectron Systems Technology, Inc.
“When order volume is growing, constraints of cash flow in manufacturing can stunt production. Access to receivables allows for fluid material purchases without waiting for the irregularity of customer remittance. Finding a balance of feeding production and managing operating costs will propel our growth to meet increasing customer demand because of Marco Capital’s partnership”.
“Working with Spectron has been a great experience,” added Bryan Hatfield, Business Development Officer at Marco. “Seeing a company that has such a presence in their industry and a long standing strong relationship with their debtors is wonderful. I look forward to seeing how their CEO, Peter Frazetto, will use the partnership with Marco Financial to take this business to the next level in 2024”.
“Marco Capital is quickly becoming a substantial resource to cash access and growth of the business”, said Peter Frazzetto, CEO of Spectron Systems Technology, Inc.
“When order volume is growing, constraints of cash flow in manufacturing can stunt production. Access to receivables allows for fluid material purchases without waiting for the irregularity of customer remittance. Finding a balance of feeding production and managing operating costs will propel our growth to meet increasing customer demand because of Marco Capital’s partnership”.
“Working with Spectron has been a great experience,” added Bryan Hatfield, Business Development Officer at Marco. “Seeing a company that has such a presence in their industry and a long standing strong relationship with their debtors is wonderful. I look forward to seeing how their CEO, Peter Frazetto, will use the partnership with Marco Financial to take this business to the next level in 2024”.
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