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

"Interested in any information you may provide on factoring accounts receivables."
-- Accounting/Finance, Construction/General Contracting, Virginia Beach, VA

"Would like to be able to offer small carriers feul advances, pay in 7-10 days to carriers."
-- CEO/President/Owner, Transportation/Logistics, Chiefland, FL

"Potential growth opportunity up to an additional $2 million in sales in from now until end of 2008 and continuing.we are a wine importer and distributor."
-- Partner/Principal, Travel/Hospitality, Melville, NY

"Do business with military have po that delivered this week, need to factor."
-- CEO/President/Owner, Wholesale, Wylie, TX

"My company bills clients on a net 30 basis at the end of each month. By the time we receive our first payment, we have already paid out on 3 or 4 pay periods. I need to improve our cash flow for those times when we acquire multiple contracts at one time."
-- CEO/President/Owner, Other Business Services, Fredericksburg, VA

"Making wrist bands,t-shirt, key chainshandchiefs, and etc, with the the logo that I have Design."
-- Buyer, Non-Profit, Diboll, TX

"We also have two large accounts we would like to factor."
-- CEO/President/Owner, Equipment Sales & Service, Greensboro, GA

"I have some contracts that people are paying on. Most of them pay very well, but I need the cash today."
-- Partner/Principal, Legal, Burnsville, MN

"I am the life agent. I meet physicians. One physician starting his growing practice wants to encumber his receivables."
-- Partner/Principal, Financial Services, Temecula, CO

"We need to get electronic detailed report of payments per invoices and descriptive detailed interest calculation report. we need next day funding for new factoring and virtually unlimitted line for possible quick expantion of business."
-- CFO, Consulting, Rockville, MD

"Janitorial payroll service for our janitors that work our government accounts, or large corporate accounts."
-- CEO/President/Owner, Other Business Services, Muskegon, MI

"I bill my customers on monthly basis for my services. i have with them contract for 2, 3, 5 years. if they break the contract they must pay to the end of the contract at the date they leave me.i look for a Non Recourse factoring."
-- Office Manager, Transportation/Logistics, Chicago, IL

"I need a factoring company that will work with construction trade. i have several contracts with a company that is building low income housing and i need working capital."
-- CEO/President/Owner, Construction/General Contracting, Arcadia, FL

"My company is a small disabled veteran owned and has 2 maintenance contracts with the federal government that are valued at 14,800 and 12,800 I am in my 3rd year of both contracts. I need capitol to keep my business going and to pursue additional contracts. I am new to factoring and not sure if my contract is large enough to be considered. I answered question one with 5k because it would not let me continue with out submitting an availiable amount."
-- Consultant, Government, Lawrenceville, GA

"I need to borrow 70000.00usd to purchase parts, I already have a Vender and Customer purchase orders ready all I need is funding."
-- Partner/Principal, Other Business Services, Dunedin, FL

"I have a good opportunity to increase my income with all the drilling activity in my state now.Having to devote time to check on invoices and aging is really time consuming. I am most productive at selling and training my crews. So I and trying to manage my time by concentrating on my strengths. Hopefully a good factoring company can be beneficial to both of us."
-- CEO/President/Owner, Other Business Services, Palestine, TX

"We need to the working capital for the current contract. We need $50,000 and will pay a reasonable percentage for a 90 day note, with payment in full against the payment of the contract."
-- General Manager, Other Business Services, Palmer, AK

"I am a small business that provides tenant improvements, interior finish-out, remodeling services to local, state and federal government agencies."
-- CEO/President/Owner, Construction/General Contracting, Duncanville, TX

"Looking for a funding company that will fund off of my contractor with my customers because my customer will not sign any factoring agreements."
-- Office Manager, Construction/General Contracting, Tampa, FL

"I am interested in hearing options about factoring 50% of the entire invoice. For instance, upon shipment of goods - 50% of the invoice is paid via CC to our firm. The remaining 50% will be due in 180 days - factored by outside firm."
-- Sales/Business Development, Manufacturing, Modesto, CA

"I would like to transfer over to a new factoring company with in two weeks."
-- CEO/President/Owner, Other Business Services, Madison Heights, MI

"We are currently factoring with P.M. Funding.We need at better rate, around 1.5 per ecnt monthly."
-- CEO/President/Owner, Other Business Services, North Hollywood, CA

"We sign 1 year contracts with our clients, for $30 a month (= contract for $360). This is what we are interested in factoring."
-- General Manager, Financial Services, Winter Springs, FL

"Just invoices for pilot car service in a 30day run can be about $10.000 or more."
-- CEO/President/Owner, Transportation/Logistics, Cleveland, TX

"Our continued sales increases exceed our available cash and we wish to continue to grow our sales."
-- Consultant, Equipment Sales & Service, Decatur, GA

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