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 having a hard time waiting for these companies to pay. Hard time paying my workers to perform then waiting to get paid months after the work is finished."
-- CEO/President/Owner, Travel/Hospitality, Arlington Heights, IL

"We are a restaurant in need of working capital. We do not want a loan that factors future credit card sales. We are looking for a straight working capital loan. Thank you."
-- Partner/Principal, Restaurant, Matawan, NJ

"Cash advance of $350,000 against existing accounts receivable to expand business."
-- CFO, Other Business Services, Osseo, MN

"Need company who can issue and collect invoices for products sold to the mass market accounts that are not on EDI."
-- Sales/Business Development, Retail, Lake Forest, CA

"My company has been awarded a multi-million $, 3 year, contract by one of the nation's largest electric utility companies. I have the staff and equipment in place to perform the contract. In the meantime, however, I have a cash flow problem and need financial assisstance."
-- Partner/Principal, Construction/General Contracting, Houston, TX

"I am interested in a private label credit program for my retail jewelry company. Please have a representative contact me. Thank youTony Naser."
-- CEO/President/Owner, Retail, Salem, NH

"Integral Protection is a California Licensed Private Patrol Company. We are running at about 400 hours and growing since last October. I have one account that requires 45 day net, and they are invoiced now at about 150 hours at $18.00. They said they intend to give us more hours. Currently their account receivable exceeds l$9,000. I mostly need to know if you will factor NESCTC. They were turned down by Capital Credit. Call me to tell me yes or now.ThanksJoe."
-- Partner/Principal, Other Business Services, San Mateo, CA

"No long term contracts, no administration fees, & flexible terms."
-- Sales/Business Development, Information Services, Pearland, TX

"Purchase order that require international purchasing by container our pretax profits is approx 30%."
-- CEO/President/Owner, Other Business Services, Marietta, GA

"What my company provides is the sales and services of the FCC Mandated E911 Services to the Wireless Carriers. We supply the materials, labor and training on the products to the Carrier from the OEM. We also do Base Stations Installs & Service, Delivery and Turn Up of Telco Circuits...i.e. T-1, Optical Backhual/Backbone, Cell Site Maintenance..i.e. Generator Service, Refuels, Inventory Management, Site Audits, Site Pictures and General Site Construction."
-- CEO/President/Owner, Telecom/Utilities, Rowlett, TX

"We need to factor enough invoices to acquire 5M. 332 contracts at 165,000 each, net 180."
-- Partner/Principal, Real Estate, Apex, NC

"Many customes are government hospitals outside the United States. They are paying within 90 days,."
-- CEO/President/Owner, Health Care, Boca Raton, FL

"Follow up with attorneys, go after patients who's cases are bad since we do mostly injury work or personal injury liens."
-- CEO/President/Owner, Health Care, Sacramento, CA

"I need a finance support in order to be able to take more deals."
-- CEO/President/Owner, Wholesale, Westford, MA

"We are able to increase our business with much larger volume accounts. We are primarily interested in factoring these accounts for our future growth.Our receivables are all current and are all credit worthy.Our business has an excellent history and we have no charge backs!"
-- CFO, Manufacturing, Camarillo, CA

"I have 3 PO's from QVC totaling $780,000 that I am interested in factoring."
-- Partner/Principal, Wholesale, Alpharetta, GA

"Im very happy with my factor now,however i need a lager % of the invoice."
-- Facilities/Operations, Wholesale, Newark, NJ

"Can I factor an invoice for retainage held on a completed contract? Also, can I factor an invoice that I have already submitted (it is an invoice for retainage)?"
-- General Manager, Construction/General Contracting, Williston, FL

"96% Weekly AdvanceRates less than 3%Factor Only Selected Client Invoices2nd Position on A/R."
-- CEO/President/Owner, Other Business Services, Canton, GA

"We need p/o factoring from major retailers in US.....We are selling mass merchants, and are placing corp orders but tieing up too much of our capital, we are not an inventory business, we presell mdse and source from China, but need p/o factoring."
-- Consultant, Wholesale, Kennesaw, GA

"To make it a deal maker rather than a deal stopper. Asistance in finding better ways for us to have more monies left on the table."
-- CEO/President/Owner, Computers - Software, Saint Paul, MN

"I am a broker I am looking for investors to work with doctors that I know are interested in factoring."
-- Consultant, Health Care, Reading, PA

"90% same day deposits, pefer that factoring company takes invoices and backup documents by fax. needing someone to start factoring immediatly."
-- CEO/President/Owner, Transportation/Logistics, Brighton, CO

"I am new at the “factoring” thing – didn’t even know that this type of service existed – our company is less than one year old – our sales, since I’ve joined the company, have grown exponentially – we would like to find a factoring company that has experience working with an e-Marketing company like ours. Can someone please contact me Thursday morning? Thank you."
-- Marketing/Public Relations, Advertising/Marketing/PR, Frisco, TX

"Electronic submission of invoicesOnline viewing of account information including aging reports, payment reports, available cash etc."
-- CFO, Manufacturing, Cookeville, TN

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