Here's a look at the latest factoring news including upcoming trainings, conferences, and updates from Bibby Financial. Factoring Conferences The International Factoring Association (IFA) finished up their 2012 conference April 18-21 in Huntington Beach, CA. If you missed the event keep an eye on the factoring.org website for the the release of the conference cds. They have also announced the IFA 2013 Factoring Conference April 24-27, 2013 at the Fontanebleau Hotel in Miami Beach Florida. Registration will be available mid October. Factoring Trainings There are several factoring trainings still available for 2012 from IFA. One of these, The Small Factors Meeting, is moderated by Jeff Callender President of Dash Point … [Read more...]
Small Business Turns to Alternative Financing
While the demand for small business loans is up, a recent Federal Reserve survey shows the majority of banks are keeping credit tight. This is causing small business owners to turn to alternative financing options. The factoring industry is well-versed in how this need is fueling demand. Two recent articles in CNN Money covered the ongoing small business financing challenges and highlighted one possible solution... Merchant Card Advances … [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...]
Factoring News: Sears Reaches Agreement with Factors
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The Wall Street Journal released some factoring news showing how working with Factors can help a company win big...even on Wall Street. NEW YORK (Dow Jones)--Sears Holdings Corp. (SHLD) shares soared Friday as the retailer was said to be making the rounds to reassure its financing partners that it has the wherewithal and the desire to meet its obligations. Shares were up 13% to $49.04 in recent afternoon trading, and have now gained 57% this month as positives from new financial plans with vendors mixed with talk the company could be taken over by its majority owner, Edward Lampert. A Lampert representative didn't immediately return a call for comment. The retailer on Friday was said to have talked with a number of its larger … [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...]
Factoring News: Financing is Tight Reveals Forbes-CIT Retail Study
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Nearly 50% of Retail Executives say their ability to secure financing has not improved or has worsened in the past year, according to a recent study released by CIT Group and Forbes Insights. As banks continue to restrict business lending the need for factoring invoices remains strong. Overall the study shows retailers generally pessimistic about the U.S. economy with 76% expecting the financial crisis to extend into 2012 or beyond. Here are some additional results from the news wire that may also impact your factoring business. Press Release: October 19, 2011 08:30 AM Eastern Daylight Time NEW YORK--(BUSINESS WIRE)--Middle market retail executives are bearish on a short-term U.S. economic recovery, even though many expect … [Read more...]
Factoring Brokers Get Paid Before a Deal Closes?
You have to hear about this... New Factoring Broker Promotion! We all know that factoring brokers normally get paid a referral fee after the factoring companies fund the invoices. But PRN Funding is currently running a special offer to factoring brokers that pays a $50 gift card upon referral of a qualified medical staffing lead! It doesn't matter if it turns into a closed deal... you still get paid! It just has to meet these requirements: Upon evaluation and approval that the following criteria have been met for a referral, PRN Funding will mail out a $50 gift card (of the broker’s choosing) directly to the referral source: The prospect must be an organized entity (Corporation, LLC). Sole proprietorships, … [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...]