Fast Pay Factoring For Digital Media Receivables

Working with digital media receivables? It helps to know a factoring company that specializes in online deliverables. Meet Jed Simon, CEO of FastPay, in this recent Factoring Investor interview. What receivables will your factoring company consider funding? Jed Simon, CEO: FastPay primarily funds digital media receivables. We’ll advance on invoices signifying completed work including, but not limited to, ad campaigns, creative campaigns and delivered impressions. How did you get your start in the business? While I was responsible for digital media at DreamWorks, I recognized a universal pain point in the digital media industry - many big brands and agencies have onerous payment cycles (Net 90+) that hamper the growth of smaller digital … [Read more...]

Registration Open for 2013 Factoring Conference

Mark your calendars for the International Factoring Association Conference April 24 - 27, 2013, at the Fontainebleau in Miami Beach FL. This annual event is filled with speakers, panels, and networking for factoring companies, brokers, and professionals. Factoring Convention Educational Sessions The Factoring Association has these sessions planned: Speakers • Daniel Gross - Rise of the New Economy • Kevin Mitnick - Art of Deception • Warren McDonald - Challenge of Change • Bob Zadek, Esq - Report from the Courts & Legal 101 • David Jencks, Esq - Transportation Factoring • Darla Auchinachie - Factoring 101 Panels • Point / Counterpoint - Controversy in Factoring • Industry Experts - Predictions for the … [Read more...]

Like Apples to Oranges: Why You Can’t Compare Factors

When the clock is ticking and your business finances are at stake, how do you sift through your options to find the best factoring company? Locating great services for any type of need is challenging, so we often generalize to make things easier: for example, only considering location and cost vs. quality to find a good value. Sometimes this works, and to some extent you may be able to compare factoring companies in the same industry by fees, rates, and contract perks. Choosing a factor based on value is a disaster for your company when the factor isn’t … [Read more...]

Factor Finders Caters to Helping Factoring Brokers Succeed

Have a factoring deal but can't find the right funder? Don't lose out commissions! Factoring brokers can turn to Factor Finders to take advantage of a unique opportunity. Nikki Fores, Marketing Manager, explains how Factor Finders LLC is helping consultants succeed in this interview with Factoring Investor. … [Read more...]

Factoring Business In The Dog Days of Summer

What? August already? Where did the year go? These dog days of summer are about the time of year when I wonder if I advanced my factoring business. Did I meet my goals? Although many people focus on how much money they made, not all goals are financial related. You might want more free time, streamlined marketing, or just to have more fun. Only you can decide your goals. The important thing to do at this point in the year is realize that it is never too late to accomplish them. No, this isn’t going to turn into some warm fuzzy article about finding your inner self and conquering the day. There is probably someone better suited on television for that. No, I just want to share that it is not too late to make 2012 a great … [Read more...]

What Invoice Factor Is Best For Your Company?

Once you have made the decision to Factor invoices, you have several options to consider when deciding what company to work with. In most cases (or industries) you want to work direct with the source. Cut out the middleman and save a few dollars in the process. This is common practice but not always the case when it comes to factoring. You certainly could work directly with a Factoring Company, but should you? … [Read more...]

Five Reasons to Consider Factoring Your Invoices

Anyone that runs a business on a day-to-day basis understands the need for continual cash flow. It is the lifeblood of business. The natural ebb and flow of business income can make some weeks a [financial] breeze while others may have you questioning whether you can make payroll the following week. With banks continually tightening the belt, many savvy business owners are turning to alternative means when it comes to generating a consistent cash flow. Here are five reasons to consider Invoice Factoring as your legitimate solution: … [Read more...]

Factoring News, Trainings, Conferences, and Bibby Updates

Here's a look at the latest factoring news including upcoming trainings, conferences, and updates from Bibby Financial. Factoring Conferences The International Factoring Association (IFA) finished up their 2012 conference April 18-21 in Huntington Beach, CA.  If you missed the event keep an eye on the factoring.org website for the the release of the conference cds. They have also announced the IFA 2013 Factoring Conference April 24-27, 2013 at the Fontanebleau Hotel in Miami Beach Florida. Registration will be available mid October. Factoring Trainings There are several factoring trainings still available for 2012 from IFA.  One of these, The Small Factors Meeting, is moderated by Jeff Callender President of Dash Point … [Read more...]

Should You Be Marketing For Factoring Business Online?

Wondering if there is an opportunity to find factoring business online? Consider the average number of times per month someone searches these terms online: • Receivable Financing – 12,100 • Invoice Factoring – 14,800 • What is a Factoring Company? - 18,100 • Factor Company – 27,100 … [Read more...]

Small Business Turns to Alternative Financing

While the demand for small business loans is up, a recent Federal Reserve survey shows the majority of banks are keeping credit tight. This is causing small business owners to turn to alternative financing options. The factoring industry is well-versed in how this need is fueling demand. Two recent articles in CNN Money covered the ongoing small business financing challenges and highlighted one possible solution... Merchant Card Advances … [Read more...]