[brokerCompany]

My manager has offered this guy factoring. Does not want it

[abfunders]

He can qualify for an ABL with the right lender, which won't need notification.

[Kevin Henry-Seacoast]

My manager has offered this guy factoring. Does not want it

I scratch my head with this all the time..... Why would a business owner chose a more expensive and non revolving facility to finance working capital. Finding an ABL facility with a $250K minimum might be a challenge as most true ABL lenders start at $1Mil minimums. If it is found, the rates may be as high if not higher than a bank owned factor like us. They won't require notification, but will require dominion of cash-lock box. There are some out there that provide factoring where notification is soft and the company will manage collections so there is very little interaction with the customers. Happy to chat about it.... There is a better way ....