Looking to be attractive to a factoring company? Start selling to creditworthy customers. Are you currently doing credit checks on your customers (on an ongoing basis)? There’s an old saying that goes, “anyone with no credit will buy anything on credit.” It’s easy to sell to a company on credit that has none. Roll up [...]

Receiving an advance on your business invoices is called factoring. The challenge for factoring companies is business owners seldom even know that the funding is available. Most people have never heard of factoring as finance. Using accounts receivable to provide working capital for your company operations is a useful tool. It’s easy to obtain and [...]

If you’re like me, over the last few years you’ve noticed some people are becoming less civil and not behaving responsibly for their own actions. Sometimes we get a request regarding our factoring services and for the initial period we have no trouble reaching and communicating with a prospective client. As soon as we submit [...]

Event: How to Fund Your Business Growth – the Smart Way! So you would like to grow your business! Whether you are just getting started or are ready to take your company public, you need to know how to navigate in the complex world of the capital markets. Undercapitalization is one of the principal reasons [...]

In order to get into a relationship with a factoring company you need to have a commercial entity. Either a C-corp, S-corp, LLC, or variation of these. The laws governing lending to an individual are different than lending to a company. So we need you to be a company. You need to visit 2 places, [...]

A quick review if you are selling goods or services to the government. When speaking with a factoring company to help with a new government contract be aware of the NOTICE OF ASSIGNMENT. If you are the PRIME contractor (billing the government directly) and have an FAR (Federal Acquisition Regulation) contract then you need to [...]

Another informative article by Ivan Hoffman, “If you are one of those who operate a business whose motto is “Don’t Worry,” you may have plenty to worry about. You just don’t know it yet and by adopting that approach, you are probably closing yourself off to even the possibility of success.” Check out the entire [...]

The phone keeps ringing, the emails keep coming, but we need to agree on some basics. A factoring company provides financing by making advances on your creditworthy commercial customer invoices. That’s it. An invoice is defined as a product or service work that has been completed (100%) and accepted as due by the customer. Nothing [...]