I realize this question may seem obvious to anyone who owns a factoring business. Every business owner wants to succeed and have their company flourish which is why we took the leap of faith in the first place. Sometimes however, our actions … [Read more...]
Factoring Training: Social Media and Small Business
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Whether you are in the factoring business or cater to another industry, without customers your chance of survival is basically nil. The cornerstone of any business consists of … [Read more...]
Starting Your Own Factoring Business? It’s Your Call
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At some point in our working lives many of us think about starting a business and being our own boss. The thought of … [Read more...]
Factoring: Is It Always About the Account Debtor?
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We all know that factoring has been around for ages and due to the recent changes in the economy its popularity has increased dramatically. With financial institutions constricting credit to businesses, the increased demand for cash flow has created an opportunity for the asset based lending industry especially for … [Read more...]
Grow Your Factoring Business with Participation
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So you have this great factoring business and all of your efforts are starting to pay off. Your marketing campaign is generating new leads and your existing clients are growing. For most businesses this would be a dream come true. Right? But what happens when your factoring company does not have enough cash to fund new invoices? It’s almost as if you are in the same predicament as your clients. You have new business but no capital to grow. One solution called Participation is a great way for you to keep your current book of business and fund new deals. It’s actually quite simple and very effective for many factoring companies. A participant can enter into an arrangement where they fund all or a portion of the factor’s invoices … [Read more...]
Factoring Invoices – Waking a Small Sleeping Giant
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Not too long ago, the factoring industry was looked upon as a financing alternative for large commercial enterprises, … [Read more...]