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Getting In the Factoring Business – Part Two
Three important questions you will want answered before starting a factoring business as a broker, consultant, or funding company. Over the last year I’ve had the privilege and pleasure of writing several articles for Factoring Investor on the topic of how you can get involved in the factoring business. In my July 2011 article, “Starting [...]
Invoice Factoring: An Alternative Financing Option for Outsourced Medical Billing Companies
It’s no secret that vendors who sell to medical providers make great factoring candidates. Typical vendors who benefit from invoice factoring include: temporary medical staffing agencies, medical transcription services, janitorial companies, and even medical supply companies. All of these businesses routinely provide services and/or sell goods to medical providers and then have to wait weeks [...]
Factoring Industry Conference, News, and Updates
Here’s your Factoring Industry Updates including the latest news and 2012 factoring conference schedules. Factoring News Leading Factoring Company Acquired by Triumph Savings Bank Membership interest of Advance Business Capital LLC, one the nation’s leading finance companies in the for-hire transportation arena, has been acquired by Triumph Savings Bank, SSB. Formerly know as Equity Bank, [...]
Factoring News: Sears Reaches Agreement with Factors
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 [...]
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 [...]
How Factoring Benefits Private Duty Care Agencies
Now more than ever, private duty care agencies and home healthcare companies need cash flow to sustain their operating expenses, such as payroll, rent, utilities, and insurance, and marketing and advertising costs. Unfortunately, at the same time that private duty home healthcare agencies need money the most, there’s a drought in traditional business financing opportunities. [...]
Factoring Business: Should You Use Google+1 or Facebook?
You may have a strong factoring business built on solid networking. Sooner or later, your efforts are going to turn to the Internet to find ways to leverage new clients. In the beginning you will be faced with two big options…FACEBOOK® or GOOGLE+1™. There seems to be a lot of confusion out there on whether [...]
A Year End Thank You From Factoring Company Oxygen Funding
It’s that time of year when many of us are looking forward to the holidays where we get to enjoy time with family and friends and attend holiday parties. Hopefully, many of us will be able to get away from the office for a few days to recharge our batteries and get ready for the [...]
Medical Staffing Invoice Funding – Tips For Managing Customer Fears
Many medical staffing business owners worry that their customers (hospitals, nursing homes, medical clinics, etc.) will misinterpret their decision to factor as a signal of financial instability. In reality, deciding to get medical staffing invoice funding help is an encouraging indication that your medical staffing business is stable, rapidly growing, and in high demand. To [...]
Consumers Should Expect Higher Prices This Holiday
At the end of August, Apparel published the following “warning” if you will. With costs going up, consumers were going to have to pay more - painting a potentially gloomy picture for holiday spending. But did this actually happen and what about the cost of factoring during this period? (8/31/11 Source: Apparel) – A new [...]
