I want to “Factor my Order”

Posted by on May 6, 2012 in Business Tools, Invoice Factoring, Purchase Order Funding | 1 comment

My good friend at Wells Fargo, Roger Welker made this comment after my last blog: “Invoice Factoring versus Purchase Order Funding” – he gets calls all the time asking if his company can “Factor my Order”. Well, the short answers are no, but let’s look at the reasons why. First, you get an order to install fiber optic cable or supply temp staffing to a large creditworthy client. Congratulations! But you realize you don’t have the money to start the job...

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Invoice Factoring versus Purchase Order Funding

Posted by on May 5, 2012 in Business Tools, Invoice Factoring, Purchase Order Funding | 1 comment

By a number of calls we receive at businesscash.com and pofunding.com, there is much confusion about the difference between Invoice Factoring and Purchase Order Funding. Let’s walk through the steps of how each work and what types of companies they are each applicable too. First, Invoice Factoring is available to any company that bills creditworthy clients and must give terms or waits to get paid. So if you sell Trucking, Staffing, IT, Consulting, Food, Wine, Paper, Barbeque Sauce,...

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Invoice Factoring Review

Posted by on Apr 25, 2012 in Invoice Factoring, Purchase Order Funding | 0 comments

When looking at your options when choosing an invoice factoring company, critical questions should be asked. Questions like: Time in business: Small factors come and go. If you pick one that closes down, your UCC filing which shows the world the old, out of business factor has a security interest in your Accounts Receivables will still be in place and it could be difficult to arrange replacement financing. Businesscash.com has been helping companies get funded since 1998 and has a strong...

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