Factoring Conference CD and Handouts

The International Factoring Association (IFA) wrapped up their 15th Annual Factoring Conference in Orlando, FL on April 25, 2009.

If you missed this informative event IFA has made it easy to listen to the 2009 factoring conference sessions on audio CD.  This year’s session handouts are also available for download in PDF format.

For more information visit the IFA site.

What Industries Use Factoring for Business Financing?

Any company generating accounts receivable with creditworthy customers can take advantage of the cash flow benefits offered through factoring. 

In factoring, like any industry, there are certain clients that make up the greater share of business.

Read more

How to Identify a Good Factoring Prospect

Cash is always in demand so there’s no shortage of companies that can benefit from the business funding factoring provides.  The greater challenge is finding a business that is likely to receive funding from a factor. Ask these 4 questions to identify a good candidate for factoring accounts receivable: Read more

Free Webinar For Business Owners

*****Webinar Completed…stay tuned for another!****

Free Webinar – “Creating Positive Cash Flow – When the Bank says No!”

When: January 29, 9:00pm – 10:00pm (EST)

Two words: Cash Flow.

In these economic times it is not only survival of the fittest, it is also survival of the smartest. Cash Flow is your lifeblood. It can be the difference of making payroll or even keeping the lights on; and your bank may not be much help in 2009.

Fortunately there are realistic alternatives Read more

Communication Secrets for Sales, Business and Life

We have the best job in the world!  In sales, we get to meet new people every day.  We are afforded the gift of learning about different industries almost every day.  We get to meet a lot of people from all walks of life.  We have it made!  Read more

Mike Ponomarew

Michael Ponomarew brings with him more than 24 years of experience in entrepreneurship, marketing, and business management. He has established and assisted in vending three other businesses. He currently owns one other company. He started in the factoring industry in 1999 as a consultant, which led to becoming a funding source in 2002.

Mike currently serves as the Director of North American operations for Millennium Funding. Millennium has factored hundreds of clients and each year manages in excess of $150 million in accounts receivable. Drawing on his experience as a consultant and a funding source, his responsibilities include training and coaching consultants, first and second stage underwriting and is one of the primary liaisons on behalf of the company in converting deals.

Mike has participated in a number of speaking engagements, guest speaker sessions, conventions, and advisory councils. He is a visiting Instructor of the American Cash Flow Assoc. and International Factoring Institute. Michael was also a contributing author for two other trade publications. Mike can be reached at mikep@millenniumfunding.com or by calling 888.652.8298 ext. 45.

A Quick Factoring Example…

Looking for a quick example of the factoring process? Let’s say that XYZ Enterprises makes table clothes. They receive an order for 10,000 from ABC Linens at the cost of $1.00 each. Read more