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

"Have gov job processing unlimited volume also po for material 12/ to 15.000 per week."
-- CEO/President/Owner, Manufacturing, Louisville, OH

"Only need A/R factoring for a select group of contractors. This is a start up operation with projected sales of $1.2 million for first year."
-- Partner/Principal, Retail, Middletown, CT

"We are directional drilling construction company and we do not want to waste our time with a factoring company that does not specialize in construction."
-- Buyer, Construction/General Contracting, Sugar Land, TX

"Sometimes we need retainage to take advantage of supplier discounts--sometimes it is a matter of working for a general that is taking forever to get the job completed and we are waiting."
-- Buyer, Construction/General Contracting, San Antonio, TX

"Our company deals primarily with a single large client in the theater industry. We have weekly schedule reoccurring janitorial accounts and invoiced maintenance work throughout the chain."
-- Office Manager, Other Business Services, Wildomar, CA

"We are considering the benfits of factoring a real estate secured receivable for work we have completed and continue to work on for a high net worth client in a 100 million dollar law suit against a public company."
-- Partner/Principal, Legal, San Diego, CA

"I have none at the moment aside from the above."
-- CEO/President/Owner, Health Care, Bohemia, NY

"We expect a significant increase in business with a division of a Fortune 500 (100) company. We will require financing to support the increase in production for the Customer."
-- CEO/President/Owner, Manufacturing, Le Roy, MN

"This is a start-up with 32 years experience in selling rags to industrial end users and whoelsale distributors. Most invoices will be $500-$2000 on 2%10/net 30 day terms."
-- CEO/President/Owner, Telecom/Utilities, Knoxville, TN

"I am hoping to stream line my accounts receivables as my client is slow to pay and seems more interested in having me jump though hoops then paying. looking for someone that will enforce current contracts that call for net 50 and add interest when not meet. "
-- CEO/President/Owner, Construction/General Contracting, Redgranite, WI

"We provide labor, equipment, some materials, equipment services and project management services to companies that install methane gas recovery systems for landfills. Although business incorporated in 2005 been in business for over 30 years.Contrary to the current economic conditions this should be a good your if not a banner year. The installation of the systems are mandated by the Federal Government.The work is preformed for several fortune 1000 companies.Have not factored in the past but I have a good understanding of the process."
-- CFO, Consulting, Douglasville, GA

"We would send in BOL (bills of lading) to our shippers, who then cut us a check. We must pay our carriers out of this. If the turn-around were quicker, the trucks could get paid sooner than 14 days, as it is now."
-- Office Manager, Transportation/Logistics, Green Bay, WI

"Interested in factoring strong income earning receivables related to servicing of debt.Initial amount of funding is $150,000.00."
-- Consultant, Financial Services, Pompano Beach, FL

"This is a pharmacy. Cash and Co-pays are collected upfront and the rest is received 3rd party. Let me know if this criteria qualifies.Thank you."
-- Consultant, Other Business Services, Tampa, FL

"We would like to factor invoices in the average amounts of about $25,000.00, and expect to factor a minimum low to mid six figure numbers annually. However we would like to offer longer due dates to our customers of up to one year. Please do not respond unless you can offer payment due dates of 6 to 12 months. All of our customers are solid financially."
-- CEO/President/Owner, Manufacturing, Cincinnati, OH

"Please note if you will or will not handle collections aspect of A/R."
-- CFO, Computers - Hardware, Gilbert, AZ

"We are a trucking company that specializes in partial loads in California & Nevada. We're looking for a factoring company that can do same day funding via wire transfer, and has the option of purchasing invoices via fax, and has low interest. Thank you."
-- Partner/Principal, Transportation/Logistics, Fresno, CA

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