Business consulting service - seeking invoice financing or factoring - 600-700 ficos
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  1. #1
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    Business consulting service - seeking invoice financing or factoring - 600-700 ficos

    They have a ton of invoices out there, unpaid.

    9 years TIB. Business training/consulting.

    610 one owner, other owner 700, no criminal record

    Only had 1 position, never stacked, issue is getting paid late on invoices. Clients are institutions, businesses, that are credit worthy.

    CC processing: 14k / 10k/ 11k

    Gross deposits in acct: 47k / 36k / 35k

    No liens or anything dirty.

    Located in Nevada. Seeking to help them. Their 1st position is 30% paid in (40k 12 month deal)

    Thanks

  2. #2
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    I know what invoice factoring is, what exactly is invoice financing? ...Depending on volume reach out to Kevin over at Seacoast or Kevin over at Capital Solutions banc both very good with invoice factoring

  3. #3
    Senior Member Reputation points: 5016 @jeannette's Avatar
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    How far behind are they on getting paid (over 90 days) or just beyond they normal 30 that they are putting in the billing contract? What do they have in the outstanding AR? Our monthly billing minimum is around 50K so we may be able to work with this if the invoices are not to over extended. Give me a call at 770-362-2307 or email jnearing@transfaccapital.com
    Jeannette Nearing | Business Development Officer| AmeriFactors
    | M (770) 362-2307
    jnearing@amerifactors.com |

    http://www.amerifactors.com
    https://www.linkedin.com/in/jeannettenearing

  4. #4
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    Sachip24,

    Thanks for the mention. JohnDough17-I would be happy to take a look. Kevin.Henry@SeacoastBF.com
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  5. #5
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    Quote Originally Posted by Sachip24 View Post
    I know what invoice factoring is, what exactly is invoice financing? ...Depending on volume reach out to Kevin over at Seacoast or Kevin over at Capital Solutions banc both very good with invoice factoring
    Kevin doesn't do low volume.

    I am sorry for not writing the difference, i was typing it out a bit quick Sachip.

    I typically only do real estate deals (jerry @ insource / dan page) and MCA's and LOC's..

  6. #6
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    Quote Originally Posted by @jeannette View Post
    How far behind are they on getting paid (over 90 days) or just beyond they normal 30 that they are putting in the billing contract? What do they have in the outstanding AR? Our monthly billing minimum is around 50K so we may be able to work with this if the invoices are not to over extended. Give me a call at 770-362-2307 or email jnearing@transfaccapital.com
    Jeanette, i will collect their A/R, and statements, and send them to you.

    Thanks!

  7. #7
    Senior Member Reputation points: 5016 @jeannette's Avatar
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    Thank you, feel free to call me if you have questions. 770-362-2307
    Jeannette Nearing | Business Development Officer| AmeriFactors
    | M (770) 362-2307
    jnearing@amerifactors.com |

    http://www.amerifactors.com
    https://www.linkedin.com/in/jeannettenearing

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