Can Factoring Help My Business?

Factoring is unknown to many business owners, misunderstood by some, and often available to those who cannot obtain a small business loan from a bank, the SBA, or anywhere else.

Factoring is an alternative means of business financing rapidly increasing in popularity, though it has been in existence for centuries. It is not a loan which create a debt on your balance sheet you must repay. Nor is it venture capital, which requires you to give up ownership in your company. Rather, factoring is the sale of an asset: your accounts receivable. That is, without having to pay back a bank or lose control of your company, you sell your invoices to a factor to obtain immediate cash.

The process is repeated as often as you wish ? without the need to re-apply each time ? thereby providing steady cash flow that is limited only by your sales. Your factor is paid back by your customers; so as long as you factor steady (but slower), dependable-paying customers, you have no debt to repay and very predictable cash flow. While factoring?s cost is higher than traditional bank loans, its flexibility offers several advantages that can both stabilize and steadily grow your business.

Factoring: Sell Your Invoices Today, Get Cash Tomorrow explains everything you want to know about factoring your receivables, including:

? Types of businesses that qualify and the requirements to be approved.
? Why many companies turned down by banks are accepted by factors.
? What to expect in the application process and its speed compared to bank loans.
? Common factoring procedures and why they are utilized.
? How to inform your customers you are factoring in a way that strengthens your business.
? A flowchart of the pre-funding steps, plus another of a normal factoring transaction from start to finish.

Who Is Jeff Callender?

Jeff Callender entered the factoring world in 1994 as a broker, then soon began buying receivables of very small companies. For two decades he has helped numerous small business owners and funded hundreds of small companies. He has written multiple books, ebooks, and articles, and spoken often at industry events. Many factoring companies list his materials as required reading for new staff.

In addition to this title, Jeff has written three ebooks for small business owners who want to learn more about factoring their receivables:

? Top 10 Quotes on the Benefits of Factoring.
? Top 10 Misconceptions about Factoring.
? Top 10 Questions to Ask When Looking for a Factor.

All three are available from the Kindle Store.

From the Author?

I have enjoyed working with small companies for many years now. I?ve seen innumerable business owners, prior to factoring, struggle to stabilize their cash flow, meet payroll, and grow their business. Far too many find these normal business requirements painfully difficult because they simply have to wait to get paid by their customers. While employees? paychecks and regular bills must be paid on time, they have to wait weeks or months for their customers? payments to finally arrive. Talk about stressful!

Factoring solves this problem. I have seen one business owner after another get on their feet and enjoy steady growth because they factor their invoices. When used properly, this is a remarkable tool that not only works, but works extremely well.

I have written this book so that:

1. The thousands ? millions! ? of small business owners needing steady cash flow can learn about this financial tool.
2. They can determine if factoring will benefit their companies; it can help a great many, but not every last one.
3. They have guidance finding the best factor to meet their unique needs.

This book does all three.

-Jeff Callender

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À propos de l’auteur

Jeff Callender had an unusual start to his career in business. Though he is the son and grandson of businessmen, he began his working life as a pastor. He served three churches in Washington state over 14 years during the 1980s and 90s. An entrepreneurial spirit gradually pulled him toward business, and left his career in the church in 1993. About a year later discovered factoring. He began as a broker but after numerous referrals were declined only because of their small size, he started factoring very small clients himself. His career as a factor – and as a pioneer in the niche of very small receivables factoring – was thus born in 1994. He has worked with a great number of very small business owners in need of factoring. He wrote his first book, Factoring Small Receivables, in 1995, and since then has written numerous books, ebooks, and articles, and spoken at many events in the factoring industry. His writing and two decades of experience have established him as a leading authority in the niche of small business factoring. His writing style is casual, flowing, and reads more like a novel than business information. If you are interested in learning about factoring, using a factor to improve your company’s cash flow, starting a factoring business, or working for a factoring company, his books and ebooks are excellent resources for you. Jeff is the President of three companies he started. Dash Point Financial provides factoring services to small business owners around the U.S. It also provides the nucleus of his experience for writing. Learn more at DashPointFinancial.com. Dash Point Publishing publishes and sells his and others’ books and ebooks on the subject of factoring. All his paperbacks are available from Amazon, and all his ebooks are found in the Kindle store. Dash Point Publishing’s website provides additional material such as legal documents for smaller factoring companies. FactorFox Software offers a cloud-based database solution for factors to track their client transactions. It has become one of the top platforms for the industry and is used by factoring companies throughout the world. More information can be found at FactorFox.com. Having grown up in southern California, Jeff now lives in Tacoma, Washington with his wife, dog, and two cats. He has a grown son and daughter.

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Factoring: Sell Your Invoices Today, Get Cash Tomorrow

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