Factoring For the Tortoise and the Hare

How often have you heard the catch phrases, “Same day funding”, or “Invoices funded in 24 hours or less”?

Whether you work in the factoring industry as a direct funder or consultant, we all know that quality customer service is a cornerstone for any company’s long term success. Lately however, it seems that customer service is measured more on speed than any other factor. Read more

How to Qualify a Factoring Prospect by Asking Three Simple Questions

It’s a factoring broker’s job to deliver companies with cash flow issues to the appropriate funding source. Although this task sounds easy enough, in reality, it’s not always so simple. Picture this scenario:

You have a client in need of cash flow who has been in business for a year, has three large customers and Read more

Getting In the Factoring Business – Part Two

Three important questions you will want answered before starting a factoring business as a broker, consultant, or funding company.

Over the last year I’ve had the privilege and pleasure of writing several articles for Factoring Investor on the topic of how you can get involved in the factoring business. Read more

Invoice Factoring: An Alternative Financing Option for Outsourced Medical Billing Companies

It’s no secret that vendors who sell to medical providers make great factoring candidates.

Typical vendors who benefit from invoice factoring include: temporary medical staffing agencies, medical transcription services, janitorial companies, and even medical supply companies.

All of these businesses routinely provide services and/or sell goods to medical providers and then have to wait weeks or months to be paid. However, there is another type of vendor that can benefit from invoice factoring that you may not know about—Outsourced Medical Billing Services. Read more

Factoring Medical Billing Companies – Frequently Asked Questions

A lot of questions can come up when a business owner starts researching medical billing funding solutions – the idea of selling their invoices to a factor or medical billing funding agency. This article addresses some of the more frequently asked questions Read more

Is Your Factoring Business In It For The Long Run?

I realize this question may seem obvious to anyone who owns a factoring business.

Every business owner wants to succeed and have their company flourish which is why we took the leap of faith in the first place. Sometimes however, our actions Read more

Factoring Training: Social Media and Small Business

Whether you are in the factoring business or cater to another industry, without customers your chance of survival is basically nil. The cornerstone of any business consists of Read more

Healthcare Staffing Funding – Bank Loan or Accounts Receivable Factoring?

When prospective healthcare staffing businesses compare factoring fees to bank lending rates, factoring almost always seems more expensive.

Oftentimes, factoring prospects annualize the percentage charged by factors, extrapolating three percent per month to an interest rate of 36 percent per year. In the world of healthcare staffing financing, this scenario is like comparing apples to oranges. Read more

Factoring: Is It Always About the Account Debtor?

We all know that factoring has been around for ages and due to the recent changes in the economy its popularity has increased dramatically. With financial institutions constricting credit to businesses, the increased demand for cash flow has created an opportunity for the asset based lending industry especially for Read more

Credit Squeeze Keeps Factoring Companies Busy

A small business owner who is trying to grow his/her business during a booming economy will hit some speed bumps when applying for traditional financing if he/she cannot show an extensive profitable operating history.

Throw in the current economic climate, and the chance of an entrepreneur obtaining a conventional bank loan is slim to none. When loans are no longer an option, business owners have to find Read more

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