How Groupon makes Factoring Invoices look downright cheap for small business financing. … [Read more...]
Invoice Factoring News
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Weren't able to make it out to Washington DC this month for the Invoice Factoring Conference? You can still get all the great factoring news and training from the event. The International Factoring Association has now made audio CDs and handouts available for purchase from their 2011 Factoring Conference at a reasonable $100 price point. Head on over to the IFA website to check out the great information. … [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 Conference and Training for 2011
Looking to network with factoring companies? Desire to learn directly from the factoring industry leaders? Then make plans to attend the IFA's Annual Factoring Conference April 13-16, 2011, in Washington DC. Here are a few of the presentations and speakers they have in their impressive line-up this year: How the Federal Reserve Operates - Governor Elizabeth A. Duke How the Business and Finance World will look in the Coming 20 Years - Dr. Michio Kaku Current Topics in Transportation Factoring - David Jencks, Esq. Play Factoring Jeopardy - Phil Cohen Issues surrounding Sales Tax, Credit Insurance, Misdirected payments, Invoice Terms & Arbitration - Mike Ullman, Esq. Factoring 101 - Darla Auchinachie Frauds, Fairy … [Read more...]
TFI Launches January 3, 2011
With the holiday season in full swing and the New Year just around the corner, 2010 will end going down in history as a year small business would like to forget. The more things seemed to change the more they stayed the same. The reality is the credit crisis continued to inhibit growth due to the record bank declines. Traditional forms of financing have become an anomaly to cash flowing small business. With all the uncertainty, looming for 2011 the Factoring Industry remains strong, recession proof and has become the financing tool of choice. "TFI” is launching January 3rd, 2011 and with over 100 years of Industry experience “TFI” is poised to revolutionize the Factoring Industry and help small business…more to come! … [Read more...]
Accounts Receivable Factoring for Nurse Staffing Companies
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The cash flow gap is a common challenge to nurse staffing agencies. It can take months for the hospitals and nursing homes to pay invoices for staffing services yet the nursing staff needs paid every week or two. Factoring companies can help by providing small business funding to Nurse Staffing Agencies, but should they choose recourse or non recourse factoring? This article from guest author Philip Cohen of PRN Funding explains the difference. Recourse and Non-Recourse Nurse Staffing Accounts Receivable Factoring: What's the Difference? By: Philip Cohen What is nurse staffing recourse factoring? For the most part, recourse factoring is the most common and the most affordable nurse staffing financial help available to … [Read more...]
Factoring Training for Small Business Funding
Working with small businesses receivables is a specialized segment of the factoring industry. It's also lucrative! Less competition from the large factoring companies can equal more opportunity. Just ask Jeff Callender, founder of Dash Point Financial Services. He went from start-up cash flow broker to small business factoring funder in just a few short years. Jeff generously shares his tips for success gained from real life experience. In addition to his acclaimed Small Factors Book series, he provides workshop instruction at factoring trainings and association meetings. Here's a look at an upcoming workshop designed especially for small business factoring. International Factoring Association Presents: Small Factors … [Read more...]
Could You Tell a Client They Don’t Need Factoring Help?
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I witnessed an odd exchange of dialogue the other day on the Internet. It would have been humorous except neither of the cash flow consultants came to the right decision – over a long period of opportunity. The “Dilemma” The exchange started with a simple post from a factoring broker that had a “dilemma” with a new soon-to-be client. In going over the client’s information, the consultant discovered that the client really did not need factoring help. He had two other alternatives that were clearly better choices for the client , with no additional risk. The consultant was concerned how he was going to keep is his client focused on factoring so he could get the deal. “Any feedback would be helpful.” Enter the “Expert” The … [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...]
Construction Factoring Dips Along With the Construction Industry
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Very few companies are financing businesses in the construction industry today as the industry risk is still too great. Many general contractors and subcontractors are reeling from the effects of the building bubble. And to add insult to injury, many construction companies who obtained a business loan will probably, or already have found themselves out of covenant. This is due to falling sales. Simply put, banks won't let them tap into their lines of credit until their sales are back on track. What's more, even in the factoring industry, few companies dare to offer construction factoring since the risks of default are still high. However, in many cases a factoring company will be able to help. There are quite a number of firms … [Read more...]