How To Finance Your New Factoring Company

In my previous article, we discussed whether brokers should start their own factoring companies. In this article, we discuss how to finance a factoring company, should you decide to start one. While owning a factoring company can be very rewarding, it’s also very risky. And most owners make their riskiest decision before funding their first deal – the decision on how to finance their own company. The wrong decision could wipe you out financially and have long-lasting repercussions. Make this decision very carefully. There Are Many Ways To Fund A Factoring Company. Each way has varying degrees of risk. How you proceed depends on your risk tolerance. For example, when I first financed my factoring company, I made two upfront decisions. … [Read more...]