[Kevin Henry-Seacoast]

Hi DF,

Does anyone have any clients that are factoring and may have cash advances outstanding? We might be able to provide a more cost effect and flexible factoring facility that saves the company a significant amount of money in factoring fees and eliminates the need for cash advances. We can fund factoring facilities as small as $250,000 in facility size, but really get aggressive on facility sizes larger than $2.5Mil.
We can also include inventory and M&E as part of the facility.

Industries we really like:
-Staffing
-Business Services
-Niche' Manufacturing
-Niche' Distribution
-Consumer Products-Especially Food & Beverage
-Cell Tower Services

We gladly pay referral fees for deals closed.

Best,

Kevin

[Sachip24]

if you are referred someone, the factoring clients I have heard of use those services every 60/90 days. would the referral fee be paid each time they use your services or is it just a one time fee?

[bdshaw]

I feel safe speaking for Kevin and others of us in the factoring space.
Commissions are based on a percentage of the revenue the factor receives and generally run for the as long as the client factors their receivables.
Most clients factor in a weekly or monthly basis since factori,g is a line of credit.
Feel free to contact me with any questions.
Bob Shaw
734-929-3800
rshaw@advancecredit.com

[Kevin Henry-Seacoast]

Hi Sachip,

The referrer would be paid a fee monthly. The commissions are based on the net spread and based on the volume the client does every month for as long as the contract with us is in place. We typically do 12 or 24 month deals.

Best,

Kevin