Comments on: Understanding the FEES Principal to Closing Factoring Deals! http://factoringinvestor.com/experts/understanding-the-%e2%80%9cfees%e2%80%9d-principal-to-closing-factoring-deals/ Mon, 26 Jul 2010 11:12:35 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: marcia hertz http://factoringinvestor.com/experts/understanding-the-%e2%80%9cfees%e2%80%9d-principal-to-closing-factoring-deals/comment-page-1/#comment-79 marcia hertz Fri, 13 Mar 2009 22:40:35 +0000 http://factoringinvestor.com/?p=7#comment-79 Mike, Thank you for the above article - informative. Have you considered getting a webcam and setting live trainings via teleseminar and webcam combined? It would be a tremendous benefit not only to consultants who are feeling left out in the cold, but bring many benefits to you and Millenium Funding both tangible and intangible. Please take it into consideration. Thanks for listening. Mike,

Thank you for the above article – informative.

Have you considered getting a webcam and setting live trainings via teleseminar
and webcam combined? It would be a tremendous benefit not only to consultants
who are feeling left out in the cold, but bring many benefits to you and Millenium
Funding both tangible and intangible.

Please take it into consideration.

Thanks for listening.

]]> By: Mike Ponomarew http://factoringinvestor.com/experts/understanding-the-%e2%80%9cfees%e2%80%9d-principal-to-closing-factoring-deals/comment-page-1/#comment-28 Mike Ponomarew Wed, 26 Nov 2008 16:11:57 +0000 http://factoringinvestor.com/?p=7#comment-28 Hello Cristin Thank you for your question. It is difficult to quote fees without conducting our due diligence on the Client's customer base and reviewing the A/R Aging report. As a Factor we make our credit decisions based on the Creditworthiness of the customer (debtor paying the invoice) and the length of time it takes the customer to pay. I would continue to quote the above when the client is pushing for a range or average fee. Regarding the perception of excessive fees - I have not encountered this perception - could you please elaborate a little further "excessive fees". Saying that the it is important to explain the benefits of Factoring and how the client can use the increased cash flow to neutralize the factoring fees i.e. supplier discounts, volume discounts etc...Let me know if this helps - or you can contact me to discuss @ 888.652.8298 ext. 45 Hello Cristin

Thank you for your question. It is difficult to quote fees without conducting our due diligence on the Client’s customer base and reviewing the A/R Aging report. As a Factor we make our credit decisions based on the Creditworthiness of the customer (debtor paying the invoice) and the length of time it takes the customer to pay. I would continue to quote the above when the client is pushing for a range or average fee.

Regarding the perception of excessive fees – I have not encountered this perception – could you please elaborate a little further “excessive fees”. Saying that the it is important to explain the benefits of Factoring and how the client can use the increased cash flow to neutralize the factoring fees i.e. supplier discounts, volume discounts etc…Let me know if this helps – or you can contact me to discuss @ 888.652.8298 ext. 45

]]> By: Cristin http://factoringinvestor.com/experts/understanding-the-%e2%80%9cfees%e2%80%9d-principal-to-closing-factoring-deals/comment-page-1/#comment-27 Cristin Mon, 24 Nov 2008 23:24:47 +0000 http://factoringinvestor.com/?p=7#comment-27 How much and What are the typical fees Factors charge the client? How do we respond to objections due to perception of excessive fees? BTW, great article. Thank you. How much and What are the typical fees Factors charge the client? How do we respond to objections due to perception of excessive fees?

BTW, great article. Thank you.

]]> By: Mike Ponomarew http://factoringinvestor.com/experts/understanding-the-%e2%80%9cfees%e2%80%9d-principal-to-closing-factoring-deals/comment-page-1/#comment-21 Mike Ponomarew Mon, 17 Nov 2008 16:31:31 +0000 http://factoringinvestor.com/?p=7#comment-21 Hello Billie Your welcome - let me know if I can be of any further assistance. Regards Mike Hello Billie

Your welcome – let me know if I can be of any further assistance.

Regards

Mike

]]> By: Billie in SF http://factoringinvestor.com/experts/understanding-the-%e2%80%9cfees%e2%80%9d-principal-to-closing-factoring-deals/comment-page-1/#comment-14 Billie in SF Mon, 10 Nov 2008 16:42:42 +0000 http://factoringinvestor.com/?p=7#comment-14 Thanks for sharing Mike. Good stuff. Thanks for sharing Mike. Good stuff.

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