As much as I hate to admit it, I was never a fan of multi-tasking. Not in the factoring business or any industry. Unfortunately in today’s texting, video conferencing, blogging and emailing business world you sometimes have no choice. Do you too find it annoying when … [Read more...]
The Factoring Business Notice of Assignment – Never Fund Without It
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Real life scenario explains why factoring companies require a Notice of Assignment to fund business invoices in this article from Oxygen Funding. A few years ago we had a factoring business prospect referred to us from a broker that was affiliated with our company. The prospect was engaged in the business of logistics, working with several well known automotive companies. His business was growing and he needed cash flow to hire additional employees and take on more jobs. … [Read more...]
Should You Be Marketing For Factoring Business Online?
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Wondering if there is an opportunity to find factoring business online? Consider the average number of times per month someone searches these terms online: • Receivable Financing – 12,100 • Invoice Factoring – 14,800 • What is a Factoring Company? - 18,100 • Factor Company – 27,100 … [Read more...]
Factoring For the Tortoise and the Hare
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How often have you heard the catch phrases, “Same day funding”, or “Invoices funded in 24 hours or less”? Whether you work in the factoring industry as a direct funder or consultant, we all know that quality customer service is a cornerstone for any company’s long term success. Lately however, it seems that customer service is measured more on speed than any other factor. … [Read more...]
How to Qualify a Factoring Prospect by Asking Three Simple Questions
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It’s a factoring broker’s job to deliver companies with cash flow issues to the appropriate funding source. Although this task sounds easy enough, in reality, it’s not always so simple. Picture this scenario: You have a client in need of cash flow who has been in business for a year, has three large customers and … [Read more...]
Getting In the Factoring Business – Part Two
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Three important questions you will want answered before starting a factoring business as a broker, consultant, or funding company. Over the last year I’ve had the privilege and pleasure of writing several articles for Factoring Investor on the topic of how you can get involved in the factoring business. … [Read more...]
Factoring Industry Conference, News, and Updates
Here's your Factoring Industry Updates including the latest news and 2012 factoring conference schedules. … [Read more...]
Factor in Some Good News for the Factoring Industry
The New Year has arrived and with it comes the hopes and expectations for results to exceed those in previous years. Let’s face it, we all want to increase sales and profitability whether it’s in January or the middle of the summer. With traditional financial institutions continuing their stranglehold on lending to businesses, the factoring industry has experienced a renewed interest from companies seeking … [Read more...]
How Factoring Benefits Private Duty Care Agencies
Now more than ever, private duty care agencies and home healthcare companies need cash flow to sustain their operating expenses, such as … [Read more...]
Factoring Business: Should You Use Google+1 or Facebook?
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You may have a strong factoring business built on solid networking. Sooner or later, your efforts are going to turn to the Internet to find ways to leverage new clients. In the beginning you will be faced with two big options…FACEBOOK® or GOOGLE+1™. … [Read more...]