When Do Factoring Companies Decline Invoice Financing?

Factoring companies have a well-earned reputation for providing cash flow solutions when banks say “No” to business financing. But there are times when even they turn down a request for factoring help.

Improve your chances for approval by keeping four qualifiers in mind when courting receivable financing: Read more

Staffing Factoring Helps Oil Spill Cleanup Jobs

Thousands of workers hit the Gulf Coast beaches to help with the worst oil spill disaster in history. Temporary workers fill many oil spill cleanup jobs, creating a surge of business for staffing companies.

As a staffing company hires, trains, and pays workers they create invoices in need of payment. That can mean more cash going out than coming in, creating a cash flow crunch during a credit crisis.

Read more

Directory of Factoring Companies and Service Providers – All New 2010 Edition

Sometimes it is not only what you know, but who you know.

Knowing the right contacts not only makes things easier, it can make you more money. Read more

BP Oil Spills Into Factoring Services

The gulf oil leak is showing up in some unexpected areas, including the accounts receivable factoring industry. Read more

Marketing Ideas for Factoring Brokers – Book Review

Do you ever wish someone would hand you a blue print for finding business?

If you are like most factoring brokers you may wonder:

“Which marketing methods are most effective?”

“Which are a waste of time and money?” Read more

Are You Linked In with Factoring Groups?

If you are looking to network with other factoring professionals then it’s time to get active with LinkedIn.

This online networking platform is doing for business what Facebook did for friends and family.

LinkedIn offers free membership for networking with over 70 million members in 200 countries.  But even better, you can specify the type of professional groups you want to actively follow.

The factoring industry alone has over 50 Groups focused on this specialized segment of commercial financing.

If you are a factoring broker be sure to check out these most active groups:

• Commercial Finance Association
• Factoring Professionals (FP Americas and FP Europe)
• Trade Finance, Factoring and Forfaiting Professionals
• The Global Commercial Finance Network
• FactorNet Lead Referral and Networking Group
• International Factoring Association
• De Lage Landen Member Community
• Asset Based Finance Association LTD
• International Factors Group
• National Funding Association
• Commercial Finance Today
• Factoring Brokers

Recent discussions ranged from where to find accounts receivable funders for dentists to the potential impact of the Wall Street Reform Act on the factoring business.

So what are you waiting for?

Leave the embarrassing photos and weekend updates to Facebook and start using LinkedIn to network with factoring professionals that can help grow your business.

7 Questions for Factoring Business Networking

Networking through professional groups is a time proven way to develop factoring clients. But what do you say to complete strangers?

It’s actually pretty simple to keep the conversation rolling if you use these seven questions. Read more

Haitian Amputees and Small Businesses Get A Leg Up From AAA Factoring Group

Utah based factoring company AAA Factoring, which is owned by 71 year old amputee, helps small businesses get the financing they need to operate while pledging 5% of company profits to help Haitian amputees.

MAY 4, 2010 — CENTERVILLE, Utah — AAA Factoring announced today that beginning June 1, 2010,  5% of the company profits will be donated to charities that help Haitian amputees that lost their limbs in the recent earthquake.

The company is owned and operated by Duane H. Marchant who is an amputee himself.  Duane lost his right leg after a fluke accident and several failed surgical attempts to save his leg. Read more

What’s in Your Factoring Broker Package?

You know that feeling when you see something done right and want to share it with others?

Well we found several “must have” factoring broker kits while Read more

Factoring News: Two New Slow Paying Customers

Your biggest and best customers might just now be your slow paying customers.

This disturbing trend in accounts receivable financing is affecting both business owners and factoring companies. Here’s an enlightening update: Read more

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