Factoring Connects
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  1. #1
    Senior Member Reputation points: 290 1StopFunding's Avatar
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    Factoring Connects

    Hi Guys,

    Looking to get the contact info of some responsive factoring connects. Have a couple new applicants who are specifically requesting this type of funding. One guy has a limo company the other is an IT contractor. Limo guy needs to get something done yesterday.

    Thanks!
    Cheryl Tibbs- General Manager
    Equipment LeaseCo Inc
    www.equipmentleaseco.com

  2. #2
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    Size of invoices? Are you signed up with FundBox and BlueVine?-- both those firms are great. Seacoast (Kevin Henry is on this site) is a great option for cheap, large deals.
    Carl Fairbank
    Founder & CEO boldMODE
    www.boldmode.com
    Carl@boldmode.com
    Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
    www.breakoutfinance.com

  3. #3
    Senior Member Reputation points: 290 1StopFunding's Avatar
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    Thanks Carl! I do have BlueVine, haven't been able to get anything funded through them yet, however. I'll check into FundBox. Kevin should be able to help me with the IT guy. Thanks again!
    Cheryl Tibbs- General Manager
    Equipment LeaseCo Inc
    www.equipmentleaseco.com

  4. #4
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    Factoring Connects

    Cheryl, the problem with the Limo company is their customer does not have enough credit to allow their invoices to be purchased.
    I would put him in a different type of financing.

  5. #5
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    Factoring Connects

    Cheryl, as Bob stated it is hard to factor the Limo company as most debtors would have a hard time getting approved. As for the IT company, i have funded quite a few IT contractors over the years. Happy to arrange a call to see how we can help. Feel free to DM me. Good luck!

  6. #6
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    Thanks Carl! Hi Cheryl-I am on the road through Monday. Please feel free to shoot over some info via e-mail. Perhaps we can schedule a call Monday morning.

    Best,

    Kevin
    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

  7. #7
    If you have trucking companies we got you covered.

    Steve
    Freight Factoring Specialists
    www.truckingcapital.com

    813-773-4000x103
    Always happy to work with ISO's

  8. #8
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    Factoring Connects

    Welcome Show me
    Bob

  9. #9
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    Thought I'd chime in here, albeit a bit late. I manage broker relations at BlueVine and would love to on-board anyone who has clients interested in a true factoring product.

    Quick clarification to Carl's point above. We don't really compete with FundBox on the factoring side of things. Their product is loosely invoice-based ... it's really more of a line of credit.

    ✔ BlueVine Factoring
    ⋆ Funding up to $2,500,000
    ⋆ 530+ credit score
    ⋆ $120+ annual revenue
    ⋆ 3+ months time in business
    ⋆ Sign-up in 5 minutes
    ⋆ Approval / funding in 24-48 hours
    ⋆ Fund only the invoices you want
    ⋆ No reserves, no minimums
    ⋆ Rebates distributed same day
    ⋆ Syncs with your clients' accounting software


    x Traditional Factoring
    ⋆ Must factor all invoices
    ⋆ Long-term lock-in, termination fees
    ⋆ Reserve and volume requirements
    ⋆ Rebates distributed once a month
    ⋆ Must mail or fax original invoices

    partnerinquiry@bluevine.com
    Last edited by matt.estes; 05-10-2017 at 04:33 PM.

  10. #10
    For Factoring, I have been working with Robert Kort at Hamilton Group for over ten years and he gets most of my deals funded. They seem to work the hardest at getting the deal closed.

    Howard

  11. #11
    I exclusively provide factoring to staffing and IT consulting firms. If anyone needs any more information let me know, eprodromo@agrfinancial.com 732-572-0568

  12. #12
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    Are you co-brokering? I used to know Alan and Sabina.

  13. #13
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    Call Crestmark Bank in Pompano, AGR or Capital (owned by Wells).

  14. #14
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    Quote Originally Posted by John Galt View Post
    Call Crestmark Bank in Pompano, AGR or Capital (owned by Wells).
    Crestmark is not in Pompano. Well's factoring product is for larger deals these days.

  15. #15
    Quote Originally Posted by eprod View Post
    I exclusively provide factoring to staffing and IT consulting firms. If anyone needs any more information let me know, eprodromo@agrfinancial.com 732-572-0568
    Hello Evan. I am a direct lender, Factoring Company. Our HQ is based in Rutherford NJ, near you. I'm in FL. Let's chat offline, regarding where you send your non-staffing related Factoring deals? We pay residual/recurring factoring commissions. I look forward to chatting. - Bob, email: rjbrownell@capflowfunding.com

  16. #16
    Bob I will reach out to next week.
    John, I work directly for AGR in the corporate headquarters. I am in charge of business development for the United States. We are very competitive in the Staffing/IT consulting space and only offer our services to the staffing industry.

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