If anyone on this thread has a story of a dispute with a factor that ended up being resolved to a reasonable compromise instead of the factor just...
Maybe you just signed up with a company that had bad service. If you read this forum, there are many satisfied users and many recommended...
I think many on this thread are missing the point of factoring. It is a cash flow solution that can support higher levels of growth than any...
4% is the percentage rate on the invoice value...you are comparing that to a 3.6% APR rate, which is an apples-to-oranges comparison. trucknut87's...
I don't think so... I just think they all do it to reduce the consequences of bankruptcy.
The non-recourse factor typically holds a credit insurance policy that protects against bankruptcy of the company paying the purchased invoices....
Trucknut87, I offer both recourse and non-recourse factoring and don't see why you think recourse is a bad product. Like anything else, it's the...
There are non-notification factors that allow the client to manage his/her own receivables, but these are typically restricted to larger companies...
I did not mean to imply that you are a small company or unsuccessful in any way: it just seems that growth is not the focus of your carrier...
I hear you, but don't agree. While what you say may be true of large carriers, it is not true for them all. Furthermore, you have a single truck...
I couldn't agree more. I used to manage a $1B and $750M asset-backed loan for a public company that did $6B in revenue. We also had an $800M...
Agreed. 5% for 30 days is a bit pricy and there are much lower factoring rates out there....even at low monthly volumes, but it's not always only...
As the owner of a factoring company, I strongly believe that there is no better way to finance strong growth. If you are not growing, there may be...
I own a factoring company, so my perspective is a bit different than many on this forum. Why did you go with this company in the first place? Were...
5% flat fee is usually not the cheapest way to go, but many like the simplicity. You could probably save lots of money by going "on the meter" and...
Red, you should change your name to "Yoda", for all the wisdom you share. I enjoy reading your comments.
Let's be clear, I think the rate you are talking about is very high and you can do much better. Most factors offer better rates. You may still...
I guess your time is worth nothing then...my mistake.
We're not talking about the same thing. I agree that a simple loan where all you get is money at 5% per month works out to apr of 60%, beyond...
Many entrepreneurs don't understand that the cash flow benefit of factoring FAR outweighs its cost - especially if you consider the time you get...
