Comments on: Find a Reputable Invoice Finance Factoring Company

By: Joe

Joe — Sun, 27 Jun 2010 11:59:48 +0000

The real down side is that Invoice factoring eats up a lot of money. I factor at my small business, and I rarely carry more than 25k at a time on the factoring companies books. This cost me about a grand a month. Ridiculous! It’s the kind of juice that loan sharks charge, but I don’t have a choice. I’m saving up to cover this last 25k on my own, but it is tough to do in this economy, and with these types of fees hanging over my head. Another down side is that if the customer doesn’t pay the money within 60 days, I get charged back. The front the money, but I take all ofthe risk.

By: How to Control Your Accounts Receivable Factoring Costs

How to Control Your Accounts Receivable Factoring Costs — Sat, 02 May 2009 09:15:15 +0000

[...] to decrease your fee is to factor invoices due from customers with good credit history. While most factoring companies will only factor customers who have acceptable credit, those who have better credit will be less [...]

By: How Factoring Financing Can Provide the Business Financing You Need

How Factoring Financing Can Provide the Business Financing You Need — Sun, 26 Apr 2009 08:02:08 +0000

[...] want to make sure you have collateral – things like equipment and real estate – to back your business loan. Because of this, many industries with no hard assets such as staffing and consulting have a hard [...]