With the recession and tightening credit markets the timing couldn't be better to be part of the Factoring Industry than right now! … [Read more...]
10 Benefits to Factoring Invoices and Accounts Receivable
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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 to Be Sure Your Business is Paid!
I just received a large order from a local company - should I take it? This is what I call the 'ship and hope" syndrome. In other words, fulfill an order; ship the product and 'HOPE" to get paid. In today's economy, not knowing the credit (payment history) of your clients is a recipe for disaster. Unfortunately, I would estimate that over 90% of the businesses … [Read more...]
Factoring Brokers – Communication Secrets for Sales, Business and Life
We have the best job in the world! In sales, we get to meet new people every day. We are afforded the gift of learning about different industries almost every day. We get to meet a lot of people from all walks of life. We have it made! … [Read more...]
“Hey Millennium, I have a great Purchase Order Funding Deal”
Over the years, we have fielded many calls from consultants inquiring about Purchase Order Funding opportunities (PO Funding). These types of prospects seem to garner a great deal of excitement as most prospects looking for PO Funding are in dire need of cash, and they need it now. … [Read more...]
Cost Doesn’t Matter – or – Does it?
It's not the cost that's important - It's the Opportunity Cost. Of all of the questions posed to factoring companies and consultants … [Read more...]
How Can I Earn Commissions in Factoring?
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Moneymaking opportunities abound for factoring brokers and cash flow consultants. … [Read more...]
A Quick Factoring Example…
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Looking for a quick example of the factoring process? Let's say that XYZ Enterprises makes table clothes. They receive an order for 10,000 from ABC Linens at the cost of $1.00 each. … [Read more...]
What is Factoring?
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Factoring is the purchase of accounts receivables from a business at a discount. The factoring process enables companies to sell yet-to-be-paid invoices and immediately receive cash. … [Read more...]
Factoring Large and Small
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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...]