How Groupon makes Factoring Invoices look downright cheap for small business financing. … [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...]
BP Oil Spills Into Factoring Services
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The gulf oil leak is showing up in some unexpected areas, including the accounts receivable factoring industry. … [Read more...]
Marketing Ideas for Factoring Brokers – Book Review
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Do you ever wish someone would hand you a blue print for finding business? If you are like most factoring brokers you may wonder: “Which marketing methods are most effective?” “Which are a waste of time and money?” … [Read more...]
Are You Linked In with Factoring Groups?
If you are looking to network with other factoring professionals then it’s time to get active with LinkedIn. This online networking platform is doing for business what Facebook did for friends and family. LinkedIn offers free membership for networking with over 70 million members in 200 countries. But even better, you can specify the type of professional groups you want to actively follow. The factoring industry alone has over 50 Groups focused on this specialized segment of commercial financing. If you are a factoring broker be sure to check out these most active groups: Commercial Finance Association Factoring Professionals (FP Americas and FP Europe) Trade Finance, Factoring and Forfaiting Professionals The Global … [Read more...]
7 Questions for Factoring Business Networking
Networking through professional groups is a time proven way to develop factoring clients. But what do you say to complete strangers? It’s actually pretty simple to keep the conversation rolling if you use these seven questions. … [Read more...]
Haitian Amputees and Small Businesses Get A Leg Up From AAA Factoring Group
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Utah based factoring company AAA Factoring, which is owned by 71 year old amputee, helps small businesses get the financing they need to operate while pledging 5% of company profits to help Haitian amputees. MAY 4, 2010 -- CENTERVILLE, Utah -- AAA Factoring announced today that beginning June 1, 2010, 5% of the company profits will be donated to charities that help Haitian amputees that lost their limbs in the recent earthquake. The company is owned and operated by Duane H. Marchant who is an amputee himself. Duane lost his right leg after a fluke accident and several failed surgical attempts to save his leg. … [Read more...]
What’s in Your Factoring Broker Package?
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You know that feeling when you see something done right and want to share it with others? Well we found several "must have" factoring broker kits while … [Read more...]
Factoring News: Two New Slow Paying Customers
Your biggest and best customers might just now be your slow paying customers. This disturbing trend in accounts receivable financing is affecting both business owners and factoring companies. Here's an enlightening update: … [Read more...]