The gulf oil leak is showing up in some unexpected areas, including the accounts receivable factoring industry. … [Read more...]
When Do Factoring Brokers Get Paid?
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Brokers and consultants earn lucrative and reoccurring commissions for the referral of business owners that use accounts receivable financing services. But when are these factoring commissions paid? … [Read more...]
Investor Spotlight: Working With AAA Factoring Group
AAA Factoring Group works with businesses and cash flow brokers to provide accounts receivable financing. Factoring Investor (FI) asked Duane Marchant, founder and president, to share some information on working with his company. … [Read more...]
The How To Guide – Allied Health Staffing Factoring
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The notion of selling allied health receivables to a factoring firm may sound like a difficult concept to understand, but in reality, nothing could be further from the truth. … [Read more...]
Factor Marketing – 5 Proven Referral Sources
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A factoring broker has excellent earning potential referring business to factoring companies for accounts receivable funding. But before there are commissions there must first be prospects, which all stems from active marketing. Successful factoring brokers continually turn to referral based marketing as a key component of an effective marketing plan. Consider these five proven performers when developing factoring referral business: … [Read more...]
Receivable Funding Benefits Small Business
CHICAGO (BUSINESS WIRE) -- Bibby Financial Services recently provided a $2 million credit facility to a produce company in Northern California. The company buys and sells strawberry plants to growers in California, Florida, and Mexico. In addition, Bibby Financial Services extended a $1 million credit facility to a transportation and logistics company with many fleets and locations throughout the western United States. The company plans to use the funds to meet payroll for independent contractors hired to execute deliveries and service local accounts. Nick Hart, CEO, Bibby Financial Services (CA), states, As we see traditional funding facilities continuing to tighten up on credit, it is important that businesses have the finance … [Read more...]
How to Identify a Good Factoring Prospect
Cash is always in demand so there's no shortage of companies that can benefit from the business funding factoring provides. The greater challenge is finding a business that is likely to receive funding from a factor. Ask these 4 questions to identify a good candidate for factoring accounts receivable: … [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...]