Invoice Factoring
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  1. #1

    Invoice Factoring

    does anybody know who offers these services and what is required? Would appreciate to be connected to anybody of relevance thank you

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    Fundbox?

  3. #3
    Senior Member Reputation points: 69138 Olderguy's Avatar
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    Several different companies do invoice factoring...depends on the volume and industry. Your statement is way too vague for anybody to give you a specific referral.

    Triumph does trucking
    Alleon does medical
    Etc, etc

    https://www.factoring.org/
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
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    Quote Originally Posted by Mexican Funding View Post
    does anybody know who offers these services and what is required? Would appreciate to be connected to anybody of relevance thank you
    Most will want to review the following:
    -2022, 2023, and YTD Income Statements and Balance Sheets
    -AR & AP Detailed Agings
    -A sample of a few invoices from large customers.

    It would be important to know industry and region. A lot of large factors are national. Some specialize in industries. Small needs are usually better suited for a factor in their region. There are about 50 bank owned factoring companies in the US. 26 of the bank owned finance companies are members of the International Factoring Association. The bank owned factors tend to be much more cost effective and can offer other banking services.
    Hedley Lamarr......That's Hedley

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    Quote Originally Posted by diditevenfund View Post
    Fundbox?
    Fundbox does not offer factoring services of the best of my knowledge. Perhaps it small hence the reason I have never competed with them.
    Hedley Lamarr......That's Hedley

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    Quote Originally Posted by Hedley Lamarr View Post
    Fundbox does not offer factoring services of the best of my knowledge. Perhaps it small hence the reason I have never competed with them.
    Yeah I think its more geared to small invoices, just something that popped in my head.

  7. #7
    Capital Solutions Bancorp provides factoring. We factor in a 2ndposition to banks and SBA loans and we factor medical receivables.

    Feel free to reach out at your convenience.
    Kevin Sampson
    Capital Solutions Bancorp
    http://capitalsolutionsbancorp.com
    ksampson@capitalsolutionsbancorp.com
    706-745-8435 Office
    561-436-5883 Cell

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