[BigIz]

5 year term, not happening. Become familiar with factoring and get your client on board.

Would someone factor him with only 1 customer?

[brokerCompany]

Yes if a strong debtor /client merchant is working with. We have factored single concentration invoices.
Also loanme may consider but you have to be licensed since in CA.

Would be happy to help assist but we are a broker and would split fees across the board. Or you can work with one of the others..

Would someone factor him with only 1 customer?

[BigIz]

Yes if a strong debtor /client merchant is working with. We have factored single concentration invoices.
Also loanme may consider but you have to be licensed since in CA.

Would be happy to help assist but we are a broker and would split fees across the board. Or you can work with one of the others..

Hey, this may seem like a dumb question but I am not familiar with factoring. Say he gets paid within 30 days, if you buy his outstanding invoices at 80-90% would that not interrupt his cash flow next month because you are collecting the payment and not him?

[brokerCompany]

Lots of unknown still
If all the invoices pay under 30 days than factoring might not be ideal for the client, especially if the one debtor is billed monthly with 1 invoice.
If merchant only waits under 30 days to get paid and that wait is not what is hurting client might see if other options.
If merchant would be constantly billing every month and waiting over 30 days to get paid on each invoice(S) it would be a great fit for factoring.

Factoring helps cashflow if their is constant billing monthly.

Hey, this may seem like a dumb question but I am not familiar with factoring. Say he gets paid within 30 days, if you buy his outstanding invoices at 80-90% would that not interrupt his cash flow next month because you are collecting the payment and not him?

[Kevin Henry-Seacoast]

Depends on the customer. We have provided factoring facilities for companies with 100% customer concentration.