The most popular form of invoice financing is “non-recourse” factoring, accounting for roughly 85% of all factoring transactions. Just like the name implies, the client is not financially obligated to the factoring company in the event an approved and funded invoice is not paid. … [Read more...]
Archives for 2010
What is Recourse Factoring?
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When looking for a Factoring company it is helpful to understand if their funding methods are “recourse” or “non-recourse” factoring. With recourse factoring the company selling the invoices (the client) is basically guaranteeing the invoice will be paid in full. … [Read more...]
Transportation Factoring
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You may have heard ads on the radio offering Truck Factoring or Freight Bill Factoring. It's easy to think it has something to do with financing the truck itself, but in reality it is surprisingly similar to traditional invoice factoring. … [Read more...]
Factoring Companies USA
Choosing a quality company that buys invoices can be as challenging as trying to guess the number of marbles in a large jar. It can also be tough to separate the good from the bad – this is the very reason we created the Factoring Directory. … [Read more...]
Cash Flow Investor Spotlight: Monterey’s Consumer Finance Program
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The cash flow business depends on Monterey Financial for the purchase of retail installment contracts. Factoring Investor (FI) caught up with Gina Frame, Assistant Manager Sales & Marketing, to fill us in on how Monterey is helping businesses and cash flow brokers turn receivables into cash. … [Read more...]
Comparison of Factoring Fees and Charges
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The costs for invoice factoring are made up of discount fees and administrative charges. But watch out! It’s a competitive business and some factoring companies advertise super low discount rates to lure in accounts receivable funding clients and hit them with hidden fees later. Want to know the true factoring charges before signing on the dotted line? Use this chart for an accurate factoring fees comparison. … [Read more...]
Factoring Training for Small Business Funding
Working with small businesses receivables is a specialized segment of the factoring industry. It's also lucrative! Less competition from the large factoring companies can equal more opportunity. Just ask Jeff Callender, founder of Dash Point Financial Services. He went from start-up cash flow broker to small business factoring funder in just a few short years. Jeff generously shares his tips for success gained from real life experience. In addition to his acclaimed Small Factors Book series, he provides workshop instruction at factoring trainings and association meetings. Here's a look at an upcoming workshop designed especially for small business factoring. International Factoring Association Presents: Small Factors … [Read more...]
When Do Factoring Companies Decline Invoice Financing?
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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...]
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...]