Comments for Factoring Investor | Learn Invoice Factoring Business

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Comment on Common Sense Advice for Factoring Brokers by Don D'ambrosio

Don D'ambrosio — Mon, 29 Apr 2013 19:44:51 +0000

Hi Gale. To answer your question, you’re right, it can be frustrating trying to close a new deal with a factoring company. If you notice in the first few sentences of this article I mention that most applications will not make it past the application for several reasons. Whether it be a bank loan, mortgage application or even getting a small line of credit, you will find closing ratios range in the around 20% for most industries. However, we have found that well educated factoring brokers who know what to look for when approaching a client have a much higher success rate. The purpose of these articles is to help you try to weed though the bad deals by giving you the factor’s point of view. I would suggest that you specifically find out why your deals are not closing. If you want a further perspective from me please feel free to contact my office at 800.790.3419.