Comparison of Factoring Fees and Charges

The costs for invoice factoring are made up of discount fees and administrative charges. But watch out!

It’s a competitive business and some factoring companies advertise super low discount rates to lure in accounts receivable funding clients and hit them with hidden fees later.

Want to know the true factoring charges before signing on the dotted line? Use this chart for an accurate factoring fees comparison. Read more

Construction Factoring Dips Along With the Construction Industry

Very few companies are financing businesses in the construction industry today as the industry risk is still too great. Many general contractors and subcontractors are reeling from the effects of the building bubble.

And to add insult to injury, many construction companies who obtained a business loan will probably, or already have found themselves out of covenant. This is due to falling sales. Simply put, banks won’t let them tap into their lines of credit until their sales are back on track.

What’s more, even in the factoring industry, few companies dare to offer construction factoring since the risks of default are still high. However, in many cases a factoring company will be able to help. There are quite a number of firms specializing in construction factoring. Read more

Learn Factoring – The Alternative Finance Industry Exposed!

Last year small business lending was slashed by over $13 billion dollars and this trend is poised to continue.

Join us Tuesday, March 23rd at 2 pm or 9pm EST to discover how to profit with alternative financing. Read more

Why Use Spot Factoring?

Spot factoring lets a business raise working capital by receiving an advance on just a single outstanding invoice. Here are 3 reasons it is effective to offer spot factoring to clients, as shared by Steve Ontiveros of Resource Business Partners, Inc. Read more

Can a Company Use Accounts Receivable Funding If It Already Has a Bank Line of Credit or Tax Liens?

Many times a company thinks if they have an existing bank loan or line of credit they will not qualify to sell their receivables.

In some cases a company may still be eligible to work with a full-service factor and realize the benefits of factoring. Read more

Investor Spotlight: It’s Not Just Construction Factoring with Quantum Corporate Funding

Factoring account receivables is helping businesses through these tough economic conditions opening the door to earning opportunities for cash flow consultants.

FactoringInvestor (FI) caught up with Howard Chernin (HC) to fill us in on the accounts receivable funding business. Read more

What is Spot Factoring?

Need a quick one-time infusion of cash for your company?  Spot factoring just might be the answer.

This business financing solution enables a company to receive an advance on a single outstanding invoice. Read more

Receivable Funding Benefits Small Business

CHICAGO (BUSINESS WIRE) — Bibby Financial Services recently provided a $2 million credit facility to a produce company in Northern California. The company buys and sells strawberry plants to growers in California, Florida, and Mexico.

In addition, Bibby Financial Services extended a $1 million credit facility to a transportation and logistics company with many fleets and locations throughout the western United States. The company plans to use the funds to meet payroll for independent contractors hired to execute deliveries and service local accounts.

Nick Hart, CEO, Bibby Financial Services (CA), states, As we see traditional funding facilities continuing to tighten up on credit, it is important that businesses have the finance available to grow their business. At Bibby Financial Services, our receivables based funding lines are able to give these businesses the working capital they need to expand. Hart continues, We have a proven, 200-year old successful record of assisting companies through all types of economic conditions, by providing the necessary cash flow to help them expand and prosper.

Bibby Financial Services doubled its clients and volumes in 2007 and exceeded expected growth levels in 2008.

For more information including the full press release visit Bibby Financial Services or (BUSINESS WIRE) online.

Using a Factor’s Credit Risk Expertise

You probably already know about the ability to sell invoices to a Factor. You may also know you don’t have to Factor all your invoices – just the ones you want or need. But did you know a Factor could provide tremendous help on invoices that you don’t even factor? Read more

10 Benefits to Factoring Invoices and Accounts Receivable

Every business has cash flow needs but options are dwindling in the face of a recession.   Fortunately savvy business owners know they can still raise cash when banks say no to business financing.

It is helpful to understand why more businesses are benefiting from factoring their invoices and account receivables in 2009. Read more

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