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

"Need invoices factored same day if possible, would like to have invoices funded at least 85%, and would like reserve paid each day."
-- CEO/President/Owner, Manufacturing, Enterprise, AL

"Vaspian is a VoIP service provider that provides telephone and Internet services to businesses in Upstate NY. The company has 3 and 5 year contracts for service with over 200 business customers and is nearing cash flow positive inside of 6 months. The company is currently seeking $500k in working capital to finish it's expansion in the upstate market. We are interested in factoring a portion of the contracts that we have with our customers for Telephone & Internet Service. Our customers are very sticky... In the 3 years we have been in business we never lost a customer for a service related issue. Out of the 200, we have had 3 customers go out of business(stopped using our services)."
-- Partner/Principal, Telecom/Utilities, Buffalo, NY

"We have taken on a new line of countertop (and/or decorative) material that sells for approx. $2,000 a sheet. Currently have 2 major orders (1 for $120,000 and 1 for $16,000) pending and 2-3 for under $5,000. Need factoring for receivables on this line only as the factory requires COD."
-- Accounting/Finance, Wholesale, Spokane, WA

"We would want to sell each contract we develope with home owners who have purchased our complete home water conditioning system."
-- General Manager, Equipment Sales & Service, West Palm Beach, FL

"The office is 50 years old and in the current location for the last 16 years. I have discovered a very loyal and strong patient base. The ave. number of patients seen per week has increase in just a short time. I have 35K in A/R currently that I would like to barrow/sale against. There are details that are need to be discussed that this character limit will not allow for."
-- CEO/President/Owner, Health Care, Kansas City, MO

"Only US DOT numbers available. My trucking company does not hold MC numbers."
-- CEO/President/Owner, Transportation/Logistics, Stockbridge, GA

"We are just looking for a factoring company that will pay for inventory so we can keep up with our sales and marketing. The product is a home fitness product that is selling on TV and going to retail."
-- CEO/President/Owner, Retail, Santa Monica, CA

"Many general contractors are treating factoring as an assignment of the subcontract, and refuse to pay a third party. Any programs avaiable?"
-- CEO/President/Owner, Construction/General Contracting, Cropseyville, NY

"Tenants leave owing money for rents & services. Once they leave, it hard to get them to pay what they owe me."
-- Facilities/Operations, Real Estate, Menlo Park, CA

"How long must I be obligated to factor my accounts."
-- Dentist/Physician, Health Care, Portland, OR

"We are a tutoring company that has receivables from various school districts in Massachusetts. We are part of the Supplemental Educational Services (SES) program under No Child Left Behind."
-- CEO/President/Owner, Education, Dorchester, MA

"Want 100% cash for invoice less factoring fee, no hold backs, no recourse for approved credit worthy customers. no long term aggreements."
-- CEO/President/Owner, Transportation/Logistics, Belton, MO

"We are starting an online advertising. We will be getting paid net 15 to net 30 on the end of the month. We want to be able to pay our suppliers out twice a week and need to cover the cash flow. We expect between $20,000-500,000 in weekly billings, all from reputed companies."
-- CEO/President/Owner, Advertising/Marketing/PR, Brooklyn, NY

"We are a staffing company that provides attorneys to law firms for long term projects.Our receivables are based on our hourly rates and the factoring is only needed to cover payroll."
-- Partner/Principal, Legal, Philadelphia, PA

"This is a private club, with approx. 2,300 members. Accts. receivable are monthly dues and hospitality/lodging charges."
-- Consultant, Consulting, Indianapolis, IN

"We are a Construction Services Company that Specializes in Drywall, Metal Framing, Painting & Demolition."
-- Office Manager, Construction/General Contracting, Tampa, FL

"We have been awarded a 1.2 million dollar a year 5 year contract with option to renew for an addition 5 years. We are competent in carry out the work needed, we have a payroll service, insurances, etcc.. We need the startup capital to purchase tractors, and pay 23 new employees to complete on job for first 8 weeks prior to receiving first invoiced check. Total cost is estimated at $225,000,."
-- CEO/President/Owner, Other Business Services, Crystal River, FL

"We are a seeking funding for our purchase orders and AR."
-- CEO/President/Owner, Manufacturing, Manchester, NH

"Interested in what your fees are in addition to what paper work is needed each month.."
-- Sales/Business Development, Computers - Hardware, Bensalem, PA

"I am starting a new apartment staffing company and I am looking for a company that will work with us on slow paying properties. We will send out past due invoices weekly and will work hard to get all invoices paid. We will probably run anywhere from 10-30 temps and would like to pay them weekly. My business partner has done this 6 years and averages anywhere from 5,500 weekly to 9,000. Summers are our busy months and winters slow down. We are looking for a low rate funding company and a company that will be patient with us and understanding with some of the properties. We will however stay on top of the invoices. Thanks for your time and We look forward to hearing from you soon."
-- CEO/President/Owner, Other Business Services, North Richland Hills, TX

"We are only looking to factor orders for export. At the present time we are selling to accounts in Costa Rica and the Virgin Islands, but are looking to expand our export business."
-- Accounting/Finance, Manufacturing, Rockledge, FL

"We're looking for funding options fpr bottling costs for existing purchase orders."
-- Sales/Business Development, Manufacturing, Oakland, CA

"Need to factor invoices to hospitals and nursing homes for nurse staffing."
-- Partner/Principal, Health Care, Philadelphia, PA

"AR financed will be federal or state gov't agency contracts. Contracts will be signed before funds are needed."
-- CEO/President/Owner, Information Services, Wynnewood, PA

"Located in Woodlands Point City, Singapore, Napogos. Inc. Is a larger-scaled joint-venture enterprise specialized in Selling Laptops / Notebooks, Phone Mobile and all the accessories since 2005. With increasing development, our company has become larger and more powerful. We are one of the largest Company in Singapore. If you are interested in any of our products, please feel free to contact us directly for more details. We hope to establish cooperative relationships with both domestic and overseas clients. We are looking forward to receiving your inquiries. "
-- Sales/Business Development, Agriculture, Huntersville, NC

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