Factoring companies have a well-earned reputation for providing cash flow solutions when banks say “No” to business financing. But there are times when even they turn down a request for factoring help. Improve your chances for approval by keeping four qualifiers in mind when courting receivable financing: … [Read more...]
Archives for July 2010
Staffing Factoring Helps Oil Spill Cleanup Jobs
Thousands of workers hit the Gulf Coast beaches to help with the worst oil spill disaster in history. Temporary workers fill many oil spill cleanup jobs, creating a surge of business for staffing companies. As a staffing company hires, trains, and pays workers they create invoices in need of payment. That can mean more cash going out than coming in, creating a cash flow crunch during a credit crisis. … [Read more...]
Could You Tell a Client They Don’t Need Factoring Help?
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I witnessed an odd exchange of dialogue the other day on the Internet. It would have been humorous except neither of the cash flow consultants came to the right decision – over a long period of opportunity. The “Dilemma” The exchange started with a simple post from a factoring broker that had a “dilemma” with a new soon-to-be client. In going over the client’s information, the consultant discovered that the client really did not need factoring help. He had two other alternatives that were clearly better choices for the client , with no additional risk. The consultant was concerned how he was going to keep is his client focused on factoring so he could get the deal. “Any feedback would be helpful.” Enter the “Expert” The … [Read more...]
Factoring Taps Into The Social Media Revolution
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When it comes to Marketing there are many theories. With so many strategies what should you do to attract Factoring prospects? To receive your answer, you must learn to observe the way people are communicating with each other in 2K10. … [Read more...]