Ok, you are sold on selling some invoices, you see the benefits, but you are just not sure how to select the right factoring company. Here are 7 essential factors to consider and compare: … [Read more...]
Using a Factor’s Credit Risk Expertise
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You probably already know about the ability to sell invoices to a Factor. You may also know you don't have to Factor all your invoices - just the ones you want or need. But did you know a Factor could provide tremendous help on invoices that you don't even factor? … [Read more...]
Earn Consultant Fees Factoring Invoices with Millennium Funding!
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Factoring account receivables is helping businesses through these tough economic conditions opening the door to earning opportunities for cash flow consultants. FactoringInvestor (FI) caught up with Michael Ponomarew (MP) from Millennium Funding to fill us in on how they are helping consultants earn fees by helping businesses sell invoices. … [Read more...]
Bibby Financial Services Funds $1.25 Million
TORONTO, Mar 05, 2009 (BUSINESS WIRE) -- Bibby Financial Services recently provided a $1.25 million funding facility to an Ontario-based transportation company. The funds were used to pay out the company's loan facility with a major Canadian chartered bank and provide it with working capital after the bank had placed it into a special loans unit due to the company's losses. Bibby Financial Services was able to work with those bankers to complete the transaction and provide the client with the cash it needed to continue to operate, meet its obligations and manage its growth. "It is important now more than ever that Canadian businesses receive the financial resources they need to continue to grow," said Kevin Westfall, VP Operations, Bibby … [Read more...]
Managing the Factoring Advance Rate
Many companies struggle over how to manage their factoring advance rate when in reality it is pretty basic. Let's say that you begin factoring in January. If you factor $100,000 in accounts receivable … [Read more...]
Monterey Leads the Way with Consumer Finance
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With Consumer Financing and Debt Recovery hot topics on every business owners mind right now, FactoringInvestor (FI) caught up with Scott Little (SL) from Monterey Financial to fill us in on how they are helping businesses through these tough economic conditions. … [Read more...]
Inside the Mind of 50 Entrepreneurs…
Have you ever wanted to start your own business, to be your OWN boss, but too afraid about taking that path? Brian Schwartz, the author of 50 Interviews: Entrepreneurs interviewed over 50 entrepreneurs to learn the truth about their challenges as well as their rewards. Get advice from people who were once in your same shoes. Scared? If you don't make that jump now, when will you ever? If there has always been something stopping you, a fear in the back of your mind keeping you from achieving your dreams, this book aims to show you a way to break free. The interviews shed light on what inspires and drives the ordinary, everyday entrepreneur. It is a collection of 50 role models who inspire others and prove that anything is … [Read more...]
Searching for Income? Factoring Makes Top Ten Jobs for 2009
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When Yahoo puts out its Hot Jobs list, people listen. As job prospects are expected to slow in 2009 people are urged to look into fields that are poised to excel. Yahoo Hot Jobs listed being a Factor as one of their Top 10 Professions for 2009. More and more businesses are seeking … [Read more...]
FactoringInvestor is presenting a FREE Factoring Webinar..
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**Second Consultant Webinar Completed - Stay Tuned for more info!** Factoring has always been big business and with the recent economy challenges it is being utilized now more than ever. Want to know about Factoring and how you can profit from it? Want to know what marketing methods work and what methods not to bother with? Want to know how to jump start your business and stabilize your income? This FREE 60 minute webinar will contain the most important information you will need in taking advantage of the credit crunched economy! … [Read more...]
What is Medical Factoring?
The term "medical factoring" can be interpreted several different ways but essentially it is factoring that deals exclusively with invoices that are "medical" in nature. For example, medical providers (such as doctors or those that sell medical supplies) may have to wait up to 90 days to get paid by an insurance company, HMO, or Medicare/Medicaid. These cash flow issues present the same challenges as traditional, non-medically related, companies. When medical providers utilize factoring they often receive their "advance" from the factor in as little as 24-48 hours. This allows them to better manage their cash flow, increase their business, and not take on additional debt. If you are in need of medical factoring, you will want to seek out … [Read more...]