Primary Funding Celebrates Silver Anniversary

SAN DIEGO - June 9, 2020 - PRLog -- Primary Funding Corporation is celebrating its 25th year in business as a small business finance company.

Twenty-five years ago, Patricia Burns, the founder, had a vision to start a financing company supporting the growth of small businesses in her hometown of San Diego and throughout California. Burns took her experience in the factoring industry and set out on her own in 1995.  She created a business centered around providing clients with the financing and working capital they needed to successfully grow.

In 2012, Burns suffered a severe stroke and was no longer able to work. At that time, Jason Severson, Burns' son-in-law, left the traditional banking world to run the family business.  Severson saw an opportunity to build upon the foundation Burns created and carry on her legacy.

"Our clients are our lifeblood', says Severson. "We take pride in our reputation for being honest, ethical and upfront."

Seven years after taking on the role of President, Severson has grown the company from a group of 4 employees to a team of 10. Primary Funding has doubled the number of clients and increased revenue nearly 100%. The executive team of former bankers and industry experts has a combined experience of over 60 years in commercial lending.

Primary Funding works collaboratively with bankers, brokers and other professionals to build a word of mouth referral system. They provide working capital to growing companies primarily in the form of accounts receivable financing, also known as invoice financing. Primary Funding purchases invoices, or accounts receivables, from businesses that sell a product or service to other companies, but have payment terms of 30 plus days. When Primary Funding purchases invoices, the business providing the product or service gets a cash injection immediately.

Severson explains, "our clients issue an invoice for goods or services, but can't wait the 30 or 60 days it may take to get paid from their customers. They need cash to pay vendors, make payroll or buy more inventory for new orders."

Primary Funding's main objective is to help companies achieve their goals and dreams. Whether funding a client directly, or using their network of lenders and industry resources, they will find a solution that works. If your business is in need of growth capital, or you know of a business in need, visit https://www.primaryfunding.com for more information and a free consultation.