Bloomberg Businessweek – Big banks, Credit cards and Small Business Lending

July 26th, 2013

By: Patrick Clark, Bloomberg Businessweek Reporter – A familiar narrative around small business lending goes something like this: Big banks are slow to evaluate small business borrowers, and they often deem loans too risky to fund. Seeking speedier approvals and easier credit standards, business owners take on alternative financing, paying higher borrowing costs for the […]

What are the HOT Industries when it comes to factoring prospects?

July 25th, 2013

The broad answer is due to the credit crisis and the fact that banks are still not lending – any business to business or business to government manufacturer/supplier is a good factoring prospect. Chances are they have never heard about factoring and the many benefits that have made it the financing tool of choice in […]

Is Factoring Right for ALL Businesses?

July 8th, 2013

Is Factoring Right for ALL Businesses? The short answer is “Yes” but, there are a couple of exceptions that may exist when implementing a factoring facility. Let me explain…… As you know by now, Factors are not banks and Factors (funding sources) do not lend money they simply buy invoices at a discount. So long […]

Do I get paid commissions on client referrals?

July 3rd, 2013

Just recently we received a very popular question from our readership – like to answer it for you…. The two part question is as follows: What if my client refers one of their business friends to the factor and they begin to factor, will I get paid commission? How will I know if this happens? […]