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

"We intend to factor approximately $500,000 in invoices of Christmas sales to a major nationwide retail group. (TJX Group). It will be approximately 10 invoices. Our needs for 2009 are uncertain."
-- Accounting/Finance, Wholesale, Kailua, HI

"We would prefer not to notify our clients, collect and remit ourselves, and report AR agings to factor on a weekly basis."
-- Accounting/Finance, Advertising/Marketing/PR, San Francisco, CA

"Our client list is diverse as well as the amount we invoice. We invoice weekly and we need candidates with strong communication skills as we are a constantly evolving business."
-- Accounting/Finance, Advertising/Marketing/PR, San Diego, CA

"IT Staffing company with 10 years in business looking for new factorer."
-- CEO/President/Owner, Information Services, Austin, TX

"Need to have an idea of how much is charged. Might be winning a larger bid on bags....$30,000 my cost."
-- CEO/President/Owner, Other Business Services, Austin, TX

"The company offer services in telecom and security, and deal withsmall,mid-size companies as well as local government and non-profit organizations.Payments delay from local government and non-profit organisations due to public finance and grants process.65%of invoices are >90days.(1,909,000usd),1-30 aging 526,000usd and 60-90 days aging288,000usd."
-- Consultant, Equipment Sales & Service, Atlanta, GA

"We do have tax liens but they are not tied to the recivables."
-- Engineer/Programmer, Consulting, Hudson, WI

"We have cash requirements that must be met by 10/31/2008."
-- CEO/President/Owner, Construction/General Contracting, Crawfordsville, IN

"We have not had to factor/borrow since we established our company over 10 years ago....however in this economic climate we realize we need to adjust our business practices to be sure our wonderful employees are able to continue receive their pay checksThank you.........."
-- CFO, Other Business Services, Elk Grove, CA

"That a 12% fee be added to the total amount unpaid late. This will be based on the day it becomes due."
-- CEO/President/Owner, Other Business Services, Lewiston, ME

"I will not pay more than 2% of the total invoice amount."
-- CEO/President/Owner, Transportation/Logistics, Omaha, NE

"I am an individual, not a company. I am a self-employed attorney."
-- Attorney, Legal, Florissant, MO

"Would like to maintain good "working" relationship with this client. They just have an extremely slow (6 months) pay cycle."
-- Sales/Business Development, Information Services, Los Angeles, CA

"We are an acocunting firm servicing all types of businesses. I have over 15 years of experience. We are receiving a termendous amount of interest in our services on line and need growth funds to support the growth."
-- CEO/President/Owner, Financial Services, Madison, WI

"We are 100% attorney based and are looking for a little breathing room for our clients.we are a national company that is compliantwith all federal and state laws regarding our product."
-- CEO/President/Owner, Financial Services, Anaheim, CA

"We do business for the government involving IT and Nursing opportunities."
-- Partner/Principal, Construction/General Contracting, Blacklick, OH

"Occasionally need factoring for invoices to Government agencies for up to $100,000.00."
-- CEO/President/Owner, Media/Entertainment/Publishing, Middletown, RI

"Most revenue is from clinical trials activities with contracts with major pharmaceutical companies."
-- CEO/President/Owner, Health Care, Oakbrook Terrace, IL

"A light touch with our clients, let us make the first collection call, it usually only takes one."
-- CEO/President/Owner, Other Business Services, Milford, MA

"We do business worldwide, and need a factoring firm, that can factor international invoices."
-- CEO/President/Owner, Computers - Software, Palatine, IL

"Large jobs with customers who deal with national builders control for 3rd party administration; nbc holds the money way too long to meet job financial outlay."
-- CEO/President/Owner, Restaurant, Pico Rivera, CA

"My business is temp agency, looking for invoice factoring service to jump start our business."
-- CEO/President/Owner, Other Business Services, Las Vegas, NV

"We provide home health services to Carestar clients. Carestar is funded by the Ohio Dept of Job and Family Services."
-- CEO/President/Owner, Health Care, Loveland, OH

"We invoice weekly on mondays; we need the money in our acct on Wednesday for payroll processsing."
-- CEO/President/Owner, Health Care, Laurel, MD

"I will be factoring invoices from shippers and freight brokers that I have transported their freight."
-- CEO/President/Owner, Transportation/Logistics, Newport News, VA

See More: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16