When a factor makes an advance to a business on invoices or accounts receivable they want to be certain payment is received from the account debtor. Whether or not the account debtor is notified of the assignment differentiates between notification factoring and non-notification factoring. With Notification Factoring the account debtors are notified the invoices were purchased and are requested to make payment directly to the factoring company. In the case of Non-Notification Factoring the account debtors are not notified the business sold and assigned the receivables. Also known as confidential factoring, the invoices are generally paid to a lock-box. Factoring is primarily handled on a notification basis. In fact about 82% of … [Read more...]
2009 Factoring Conference
Looking for in-depth information on factoring account receivables? The International Factoring Association (IFA) is holding their 15th annual factoring conference April 22-25, 2009, at JW Marriott Grande Lakes in Orlando FL. This 4 day conference is dedicated to banks, finance companies, and factoring professionals offering financing through factoring. Here are a few of the scheduled sessions that caught my eye: Funding Your Factoring Operation Tricks of the Trade for Entrepreneurial Factors Internet Marketing Factoring 101 Economic Projections affecting the Factoring Industry Factoring Around the World Small Factors Workshop The cost to register for the conference is $995 (plus an additional $50 for non IFA members). … [Read more...]
How to Obtain and Factor Government Contracts to Cash in on the $787 Billion Recovery Package!
Well it's official! On February 17, 2009 the American Recovery and Reinvestment Act was signed into law promising to spend another $787 billion to stimulate the economy. While families and businesses have a death grip on their money, the federal and local governments are spending freely. … [Read more...]
10 Benefits to Factoring Invoices and Accounts Receivable
Every business has cash flow needs but options are dwindling in the face of a recession. Fortunately savvy business owners know they can still raise cash when banks say no to business financing. It is helpful to understand why more businesses are benefiting from factoring their invoices and account receivables in 2009. … [Read more...]
How Accounts Receivable Factoring Works
When a business needs cash but doesn't want to borrow money they often turn to Accounts Receivable Funding, also known as Factoring. Rather than a bank loan, the business sells the right to receive payment on outstanding invoices to an investor or factoring company. … [Read more...]
Free Webinar For Business Owners
*****Webinar Completed...stay tuned for another!**** Free Webinar - "Creating Positive Cash Flow - When the Bank says No!" When: January 29, 9:00pm - 10:00pm (EST) Two words: Cash Flow. In these economic times it is not only survival of the fittest, it is also survival of the smartest. Cash Flow is your lifeblood. It can be the difference of making payroll or even keeping the lights on; and your bank may not be much help in 2009. Fortunately there are realistic alternatives … [Read more...]
How Can I Earn Commissions in Factoring?
Moneymaking opportunities abound for factoring brokers and cash flow consultants. … [Read more...]
Factoring Large and Small
Factoring is the purchase of accounts receivable, or invoices, at a discount. This investment method has been in existence for literally centuries and is practiced widely across the United States and Europe. Now, a reasonable question to ask is this, 'Why would a business owner want to sell his receivables?" … [Read more...]