New Launch: Invoice Factor Brokerage Site

A new brokerage for invoice factors launched January 1, 2008 which could possibly provide a boost within the invoice factoring industry: FactorLane.  The website is supposed to be similar in concept to The Lending Tree, which is a mortgage broker site.  Factors bid for company invoices, and companies rate the various factors.
Although this is a […]

Invoice Factoring vs Credit Card Factoring

I came across a blog for aromatherapy providers with a post about the type of factoring called ‘invoice discounting.’  The gentleman who wrote it is from the UK - but it sounds as though they do things very similarly over there.
Anyway, a few things caught my eye and I wanted to go over them:
“Invoice discounting […]

Factoring - Financing Small Businesses Since the Romans

I found a great review about invoice factoring and invoice discounting by Henry Byers - It has a history (since the Romans), definition, list of industries which use factoring, etc.  Remember, credit card factoring / financing has all the benefits of invoice factoring, with less risks.
I particularly like how Byers boils down what invoice factoring is, he compares […]

Factoring - A Mainstream Financing Option

Now the article I’m refering to is actually RE invoice factoring.  I recommend credit card factoring due to lack of fees, less hassle, etc…  I wrote a short post comparing Invoice Factoring vs Credit Card Factoring
Anyway, here’s a rather nice summary of factoring and how it works.
My favorite bit: 
Factoring is a long established and mainstream financing option […]

Invoice Factoring Fees - Avoiding Unwanted Factoring Fees.

Yesterday I read an article online about how great invoice factoring can be. The article warns business owners to confirm all the cost details associated with the factoring advance. It suggests verifying the following potential fees:

Application fee
Due diligence fees
Credit reporting fees
Background or lien search fees
Factoring company lock box fees
Minimum monthly volume fees
Charges to add a new […]