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

  2. #2
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    Fundbox?

  3. #3
    Senior Member Reputation points: 72961 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
    @ 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.

  4. #4
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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.
    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

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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.
    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

  6. #6
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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

  8. #8

  9. #9
    www.rivierafinance.com does all but Medical, they have been around for many many years and are good at what they do.
    David King
    Senior Business Development Manager
    Mobile 267-456-8299
    Office 484-493-7710
    1 International Plaza #550
    Philadelphia, PA 19113

  10. #10
    Check out my guy Daniel Tobler at JD Factor - They mainly do trucking, but will look at other deals too.

    Daniel Tobler
    Business Development Officer
    J D Factors, LLC.


    Phone: 865-481-1999
    Cell: 865-300-7844
    Fax: 865-481-1998

    dtobler@jdfactors.com
    http://www.jdfactors.com

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