[abfunders]

TIB does not matter. If you understand the billing process/customers, this can be done by some factors. Some factors CLAIM they can do it, but their credit policies do NOT allow it.

I'm referring to a very specific lender. Maybe even it's 1 year TIB, but they have their rules. One example is that they also don't take contractors or anything in construction or anything with medical insurance AR. Non-notification factoring.

[Kevin Henry-Seacoast]

I'm referring to a very specific lender. Maybe even it's 1 year TIB, but they have their rules. One example is that they also don't take contractors or anything in construction or anything with medical insurance AR. Non-notification factoring.

Micah,

Again, there are some that claim they can offer non-notification, but ultimately will not close or change terms because their senior lender does not allow the practice. I know some of the other non-note factors out their than can offer the product because they are equity driven or ultra high net worth driven. That being said, their cost of capital is expensive and so are their rates to end customer. If their senior lender is one of the usual suspects that I know, they are prohibited from offering the product. We can offer the product within reason as we don't have a senior lender outside the firm to answer to.

A lot of factors claim they can close deals and do things. It quickly get squashed because their senior lender caught them doing it or they are very expensive because they are using their own equity/debt.

Right now a lot of factors and other non-bank finance companies are under pressure from their senior lenders to "get back on the reservation" regarding practices.