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Fast Pay Factoring For Digital Media Receivables

June 10, 2013 By 1 Comment
Jed Simon Fast Pay Factoring Company

Working with digital media receivables? It helps to know a factoring company that specializes in online deliverables. Meet Jed Simon, CEO of FastPay, in this recent Factoring Investor interview. What receivables will your factoring company consider funding? Jed Simon, CEO: FastPay primarily funds digital media receivables. We’ll advance on invoices signifying completed work including, but not limited to, ad campaigns, creative campaigns and delivered impressions. How did you get your start in the business? While I was responsible for digital media at DreamWorks, I recognized a universal pain point in the digital media industry - many big brands and agencies have onerous payment cycles (Net 90+) that hamper the growth of smaller … [Read more...]

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A Factoring Thank You For 2012

December 17, 2012 By 1 Comment
Thank you speech bubble as sticker / label

What makes the factoring business enjoyable?  Don D'Ambrosio shares his answer in this year end thank you. Wow, time flies and we are looking at closing out another year. Many articles this time of year tend to focus on reflection, comparing estimates to actual results and anticipating the New Year. This year I would like to take a slightly different approach. … [Read more...]

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IRS Issues Do Not Kill All Factoring Transactions

July 23, 2012 By 1 Comment
Factoring IRS Taxes

Factors rely on the accounts receivable for collateral against their funding activities. That is a non-negotiable item for most of us and will NEVER be compromised. So, what does that mean? Very clearly, the receivables must be free of any lien, levy, or claim by any financial institution, court or individual resulting in the factor’s not being able to … [Read more...]

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How to Identify a Fraudulent Factoring Deal

July 16, 2012 By 4 Comments
Factoring company fraud

Discover the 3 red flags a factoring broker or company should watch for that can be early warning signs of a fraudulent deal. Some of the specific due diligence procedures factoring firms perform on new factoring candidates are cumbersome and/or costly. Because of this, it’s very rare that a factoring firm would ask a cash flow professional to conduct a thorough analysis as part of an early pre-qualification process. Furthermore, a factoring company won’t even do an in-depth investigation on a prospect until after … [Read more...]

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Factoring For the Tortoise and the Hare

March 12, 2012 By 4 Comments
Factoring Industry Need for Speed

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...]

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How to Qualify a Factoring Prospect by Asking Three Simple Questions

March 5, 2012 By 2 Comments
Traditional business concept

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...]

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Getting In the Factoring Business – Part Two

February 20, 2012 By 5 Comments
Starting a Factoring Business

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...]

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

February 13, 2012 By Leave a Comment
Invoice Factoring Medical Billing

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...]

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Factoring Medical Billing Companies – Frequently Asked Questions

October 3, 2011 By Leave a Comment
Medical Factoring

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...]

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Is Your Factoring Business In It For The Long Run?

September 12, 2011 By Leave a Comment
Running Factoring Business

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...]

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