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...]
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...]
Comparison of Factoring Fees and Charges
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The costs for invoice factoring are made up of discount fees and administrative charges. But watch out! It’s a competitive business and some factoring companies advertise super low discount rates to lure in accounts receivable funding clients and hit them with hidden fees later. Want to know the true factoring charges before signing on the dotted line? Use this chart for an accurate factoring fees comparison. … [Read more...]
Marketing Ideas for Factoring Brokers – Book Review
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Do you ever wish someone would hand you a blue print for finding business? If you are like most factoring brokers you may wonder: “Which marketing methods are most effective?” “Which are a waste of time and money?” … [Read more...]
Small Business Factoring Success Story
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Do you ever wonder what people who are now factors used to do before they became factors? The diversity in backgrounds is fascinating and in this article, small factor Jeff Callender chats with colleague Don D'Ambrosio of Oxygen Funding, Inc, and uncovers some intriguing personal, and national, history. Jeff Callender: As an author and trainer of small factors, over the past year I have received many phone calls from people presently or formerly working in the mortgage industry who have been considering factoring as a new career. I realized it would be both interesting and educational to have a conversation with someone once involved in the mortgage industry for many years, and who made the jump. In this interview you'll find his … [Read more...]