Results 1 to 10 of 10
-
01-11-2023, 12:55 PM #1Member
Reputation points: 31
- Join Date
- Nov 2021
- Posts
- 60
Invoice Factoring Needed !
Looking to add a Invoice Factoring company to my platform. Any reccomendations ? Only if you've done business with them. Even better if you have a rep I can contact directly.
TIA
-
01-11-2023, 02:31 PM #2Senior Member
Reputation points: 72961
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 2,258
So it depends on the industry and the volume.....
I have a couple that can't handle what you guys typically run into due to minimum volume requirements.
https://solutionscout.com/invoice-fa...ing-companies/
Hedley posted these for trucking: Triumph and RTS are some of the largest factors in the industry
I have a couple for health industries...Last edited by Olderguy; 01-11-2023 at 02:44 PM.
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
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
-
01-11-2023, 02:35 PM #3Member
Reputation points: 672
- Join Date
- Oct 2021
- Posts
- 55
Call me: 754-778-8448
-
01-16-2023, 09:25 PM #4Member
Reputation points: 10
- Join Date
- Sep 2022
- Location
- Lakewood, NJ
- Posts
- 51
It depends. Do you want the best or so so? Do you want cheapest, quickest, least liens, least fees?
-
01-18-2023, 11:50 AM #5Senior Member
Reputation points: 3942
- Join Date
- Sep 2021
- Posts
- 190
Do you have one for construction? Like government contract winning contractors?
Originally Posted by Olderguy
-
01-18-2023, 12:03 PM #6Member
Reputation points: 672
- Join Date
- Oct 2021
- Posts
- 55
I can help with this. Gov contracts are easy can close in 5 days or less.
-
01-18-2023, 12:06 PM #7Senior Member
Reputation points: 23755
- Join Date
- Mar 2021
- Posts
- 185
anything with progress/milestone billing becomes more challenging Originally Posted by FunderFunding
-
01-18-2023, 12:34 PM #8Senior Member
Reputation points: 226631
- Join Date
- Feb 2017
- Posts
- 3,411
Milestone billing is more challenging, but there are PLENTY of factors who do subcontractors, and they are all 100% milestone billing. Originally Posted by goatFunding
-
01-18-2023, 03:39 PM #9Noob
Reputation points: 10
- Join Date
- Jan 2023
- Posts
- 1
We work with B2B companies providing their clients with short term lines of credit. Supplier gets paid right away and their clients pay us back over time.
It’s a great addition or replacement for factoring. Incentives for both sides. Plus, we require 533 credit, 6 months in business, and $75k per year in revenue. A lot of factors won’t touch that.
Let me know if you would like to learn more or if you will be at the Broker Fair.
rodney.rabah@finstro.com
-
01-18-2023, 05:25 PM #10Senior Member
Reputation points: 5022
- Join Date
- Mar 2015
- Posts
- 175
Send me your contact info. I have plenty of clients who could use this!
Reply With Quote
Similar Threads
-
Invoice Factoring or Invoice based revolving line of credit
By stmarys in forum Deal BinReplies: 5Last Post: 12-20-2018, 10:04 PM -
invoice factoring
By Sachip24 in forum Deal BinReplies: 2Last Post: 01-15-2018, 04:10 PM -
Invoice Financing/ Factoring needed
By KingCapBoom in forum All Other LendingReplies: 2Last Post: 09-20-2017, 03:53 PM -
Invoice factoring
By ace.of.spades in forum Merchant Cash AdvanceReplies: 2Last Post: 12-15-2016, 05:15 PM -
looking for invoice factoring
By davidj1 in forum Deal BinReplies: 4Last Post: 09-24-2016, 01:30 PM
