PO Financing/Factoring
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  1. #1
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    PO Financing/Factoring

    Anyone know of a good place to get a $150k-$200k PO financed/factored. This is for an industrial manufacturer.
    I know this might sound strange, but it would be nice to work with someone who responds to correspondence in a quick manner.

    Thanks

  2. #2
    Veteran Reputation points: 135029 Chambo's Avatar
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    Call GMA Factor

  3. #3
    Call
    Toll Free: 888-958-5544
    Direct: 412-206-9810
    GMA Factor

  4. #4
    I'm using Strategic Plus right now and have had great communication.

  5. #5
    By the way, any opinions out there on what an average commission scale is for factoring deals, both on the initial close and then each invoice submitted moving forward? Thanks

  6. #6
    Senior Member Reputation points: 148 Capital Stack's Avatar
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    usually its 10-15% of the rate paid out as residual on the deal monthly.

    Quote Originally Posted by Ditty View Post
    By the way, any opinions out there on what an average commission scale is for factoring deals, both on the initial close and then each invoice submitted moving forward? Thanks

  7. #7
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    Quote Originally Posted by GMA Factor View Post
    Call
    Toll Free: 888-958-5544
    Direct: 412-206-9810
    GMA Factor
    Called and left two message this am, nothing back.
    anyone else?

  8. #8
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    Quote Originally Posted by Ditty View Post
    I'm using Strategic Plus right now and have had great communication.
    i tried googling, nothing. you have a phone number?

  9. #9
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    I know these guys are one of the factoring names in the greater MCA Industry. I got a factoring deal done with them before a ways back: riviera finance.

    http://www.rivierafinance.com

    Don't know if they're the right fit for your situation though.

  10. #10
    Quote Originally Posted by skideeppow View Post
    i tried googling, nothing. you have a phone number?
    Sure, 212-354-1400, ask for Brandon

  11. #11
    Veteran Reputation points: 135029 Chambo's Avatar
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    Quote Originally Posted by sean bash View Post
    I know these guys are one of the factoring names in the greater MCA Industry. I got a factoring deal done with them before a ways back: riviera finance.

    http://www.rivierafinance.com

    Don't know if they're the right fit for your situation though.
    Riviera has been around for ages, but they really won't touch anything under $50,000

  12. #12
    Veteran Reputation points: 135029 Chambo's Avatar
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    Quote Originally Posted by GMA Factor View Post
    Call
    Toll Free: 888-958-5544
    Direct: 412-206-9810
    GMA Factor
    GMA is funding the following type of deals:

    Accounts Receivable Funding
    Invoice Factoring
    Purchase Order Funding
    Inventory Financing
    Credit Lines

    http://www.factoring-invoices.com/

    Contact Jacob Sachs for more info:

    Jacob Sachs (412) 656-5200

  13. #13
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    Quote Originally Posted by Chambo View Post
    GMA is funding the following type of deals:

    Accounts Receivable Funding
    Invoice Factoring
    Purchase Order Funding
    Inventory Financing
    Credit Lines

    http://www.factoring-invoices.com/

    Contact Jacob Sachs for more info:

    Jacob Sachs (412) 656-5200
    # does not work and i went to the website and called the 888 #, no one picks up. All reps are busy. Plus I called GMA yesterday and left two messages with no return calls.
    Kind of funny, i can not find anyone who will return a call.

  14. #14
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    Quote Originally Posted by skideeppow View Post
    # does not work and i went to the website and called the 888 #, no one picks up. All reps are busy. Plus I called GMA yesterday and left two messages with no return calls.
    Kind of funny, i can not find anyone who will return a call.
    So just 1-2 companies are doing PO financing deals out of all the Funders?
    Apparently, one with a disconnected phone line, and the other wont do any deal under 50k. But funders have no problem lending to someone with 3-4 stacks

  15. #15
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    this is really quite sad lol

  16. #16
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    You know what, I just remembered that Strategic Funding Source is doing traditional factoring deals now. It's being run by a guy named Lenny Leff there. They are making a big push into that market. Call him at 212-354-1400 ext. 7301. PM me if you want his cell.

    Mention that sean murray referred you.

  17. #17
    Thank you Sean for the introduction, I will be happy to assist anyone with factoring needs. Our StrategicPlus services include
    1. Purchase Order financing
    2. Factoring
    3. Healthcare lending
    4. Patient financing
    5. Equipment leasing
    6. Asset Based Loans

    Please feel to call me directly at 646 722 1489 or email me at lleff@sfscapital.com

    Thanks,
    Lenny

  18. #18
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    thanks for joining us here lenny. Is there a minimum or maximum factoring size?

  19. #19
    Senior Member Reputation points: 13325 isaacdstern's Avatar
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    Lenny is an awesome addition to an already amazing company



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