BuyerZone users' invoice factoring service requirements

We ask users of our quote request service to describe their invoice factoring service purchasing requirements in detail so the vendors we match them to can provide customized information in response. Now we're sharing these buyer requirements with you.

We hope these user comments help you get a sense of what types of invoice factoring services other users are choosing and what considerations are important to the average buyer. Take a look and you'll probably see some responses that are relevant to your business.

BuyerZone user comments: invoice factoring service purchasing requirements

"Just looking for a short-term relationship, as we have many LARGE Construction jobs in process..."
-- Office Manager, Construction/General Contracting, Moore, OK

"Looking to sell one customers invoices if possible. $19,725.00 total invoice less than 45 days old. Most less than 30 days old for this company. New in business have two large accounts to service with one year contracts need to get paid off these invoices to help complete new contracts effectively."
-- CEO/President/Owner, Other Business Services, Las Vegas, NV

"Looking to factor invoices from time to time. Could use 10-20k quickly."
-- General Manager, Real Estate, Valencia, CA

"A rush! I have everything sitting in a file and ready to go. Another company took our application fee had us notarize the docs and then told us they wont fund. reasons are unclear... Want to have someone else do the factoring that are not flakes."
-- Administrative Assistant, Media/Entertainment/Publishing, Beverly Hills, CA

"Looking for the following - 1) Very high quality of service with us and most importantly with our clients - these are reputable companies from whom we expect repeat business.2) No minimums preferably3) Attractive rates for invoice based factoring"
-- MIS/IT, Computers - Software, Alpharetta, GA

"Not a requirement per say but would like the factoring service to handle the invoicing."
-- Partner/Principal, Consulting, Raleigh, NC

"Money is sent directly from the US Govt treasury to escrow account at Seirra Pacific Bank in Fresno CA and dispursed by an independent escrow agent."
-- CEO/President/Owner, Construction/General Contracting, Austin, TX

"I am an independant consultant and have ar out to $32,000 not including expenses."
-- CEO/President/Owner, Consulting, Chantilly, VA

"We are a start up import/export broker and have four different contracts for cement totaling $421,500,000. We will have monthly receivables in excess of $1M. We will have irrevocable letters of credit from the buyers but we need the money to pay our suppliers."
-- Accounting/Finance, Other Business Services, Arlington, TX

"This will be a new taxi service needed asap.we will also do visa and mastercard.rtp also."
-- Buyer, Transportation/Logistics, Westbrook, ME

"Gluten free bread, chocolates, healthy snacks, vegetables chips to other franchises"
-- Purchasing Manager, Retail, San Francisco, CA

"Provide construction services to the oil & gas, industrial, energy, and utilities industies. Including site work, concrete, piping & mechanical, and painting."
-- CEO/President/Owner, Construction/General Contracting, Edinburg, TX

"Will be restoring the ceilings at Wal-Mart and Lowes Home Improvement Centers."
-- CEO/President/Owner, Other Business Services, El Paso, TX

"Currently, we are looking to factor Purchase Orders made from a high-profile national retailer with over 700 mall locations. Due to raw materials costs increasing dramatically, our manufacturing facilities in China have required a larger initial deposit. Total factor amount $70,000 +/- with pay-outs in Sept, Oct, Nov 2008."
-- Partner/Principal, Manufacturing, Phoenix, MD

"We are currently searching for a cost effective way to improve our cash flow, increase our operating funds and increase capital for our growing company. We are a steel fabricator and work for corporations on commercial and municipal projects. Our growth is fantastic and we need a way to convert a portion of our billing to cash."
-- Office Manager, Construction/General Contracting, West Palm Beach, FL

"We are a Medical Provider of Sleep Diagnostics with clients ranging from Contracted Medical Groups, Medicare and Companies like Blue Shield and PPO plans. No HMO contract at this time."
-- CEO/President/Owner, Health Care, Murrieta, CA

"Basically international in nature which requires equipment purchase and special handing through customs and installation before payment."
-- CFO, Computers - Software, Irvine, CA

"We are three brother try to do something postive for the town and with god wish and your help maybe we can see downsouth BBQ pit on T.V selling food and my be we can open up one close to your town "
-- Sales/Business Development, Restaurant, Barbourville, KY

"We have many accounts with contractors to manufacture and supply product to public and private projects."
-- Manufacturing, Manufacturing, San Clemente, CA

"We do contracts for our customers, billed monthly over the course of the contract."
-- Partner/Principal, Advertising/Marketing/PR, Ormond Beach, FL

"We want low fees, immediate cash advancement, exact protocol used in collecting the money."
-- Consultant, Legal, Valencia, CA

"95% of our work is for insurance companies insuring their homeowners therefore receivables are pretty secure."
-- CEO/President/Owner, Construction/General Contracting, Colorado Springs, CO

"We have invoices that range from 1000-50,000 that we would like factored."
-- General Manager, Wholesale, West Jordan, UT

"This is new to us but we need to get revenew to purchase equipment."
-- Buyer, Manufacturing, Anaheim, CA

"Chiropractor office- need to get money now for my a/r to enlarge my practice."
-- CEO/President/Owner, Health Care, Garland, TX

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