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
"Small trucking company right now I have one truck but looking to put up to three more on within next 3 month mark."
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CEO/President/Owner, Transportation/Logistics, Jackson, MI
"We sell and install services door to door for major cable and phone companys."
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CEO/President/Owner, Telecom/Utilities, Braselton, GA
"This is a start up delivery servie, i have been the sales rep for the first customer for 7 years. customer is comnted to me"
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CEO/President/Owner, Transportation/Logistics, Houston, TX
"We would like to offer net terms to our business customers purchasing over $1000 or more."
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Partner/Principal, Manufacturing, Plantation, FL
"These are older receivables that we wish to sell to help cashflow."
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CEO/President/Owner, Other Business Services, Marietta, GA
"We have several owners who have not paid special assessments. We have placed liens on their homes to no avail and are looking to sell in the neighborhood of $30,000 of receviables at a discount."
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CFO, Real Estate, Evergreen, CO
"We recieve P.O. for Valentines for approx. $90,000 to $110,000 We order from China Factoring the money interesting every year."
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Partner/Principal, Manufacturing, Phoenix, AZ
"I have left my previous employer of 10 years where I worked as a sales/recruiter filling contract and perm needs for multiple industries including: healthcare, biotech, IT, office staff."
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CEO/President/Owner, Other Business Services, Raleigh, NC
"I have contacts with tilapia fish farm,need financing to purchase frozen tilapia have clients waiting for fish.."
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Manufacturing, Other Business Services, Bronx, NY
"This business will thrive it just needs a fresh oulook new management."
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Buyer, Other Business Services, Spokane, WA
"The Company has client's credit cards on file and processes according to the payment plan as stipulated on their agreement."
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Consultant, Other Business Services, San Diego, CA
"We have a bad debt of $ 350,000/- which is about 3 months to 7 months old from the same company and the company has about 17 law suits filed against them and the owner still wants to function and make good these claims but would like to know if there is a company who would like to take this challenge up."
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General Manager, Wholesale, Orlando, FL
"We are not strapped for cash by any means. We are simply looking for a way to help SOME of our customers "finance" their purchase of our products services. Every once in a while we get a customer who can't afford to pay $1000-$2000 up front but can pay it over the next 12-24 months."
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CEO/President/Owner, Computers - Software, Dallas, TX
"Purchase Order factoring required for export orders, client we have been working with for 2 years, however need to grow business."
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CEO/President/Owner, Wholesale, Las Vegas, NV
"We need to be able to fund purchases for confirmed letters of credit."
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General Manager, Equipment Sales & Service, Folsom, NJ
"We are currently with a company that provides checks that can be issued to our drivers to pay for lumpers fees. This would be an asset to our company."
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Buyer, Transportation/Logistics, Orlando, FL
"I would like to setup an invoice factoring process with "non-recourse" for some of our current invoices charged to clients."
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CFO, Other Business Services, Houston, TX
"I need to sell my acccount receivables. I am a chiropractor with an established office in Hawthorne and Reseda. the account receivables are mainly from work comp claims."
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Dentist/Physician, Health Care, Hawthorne, CA
"Financing purchasers of inventory for small stores that are neighborhood convenience stores, that sell to their customers,with the capability of cash point of sale transactions."
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CEO/President/Owner, Retail, Port Arthur, TX
"We have contracts with the University of Michigan and Conway Transport. Several smaller non-profit government related as well."
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Facilities/Operations, Manufacturing, South Lyon, MI
"We are looking or a steady flow to pay our men. The money seem to come 4 to 5 days slower than what we anticipate which is 2 weeks in order to stay on top of our workers and machine we are looking to establish consistancy."
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Partner/Principal, Construction/General Contracting, Beverly, NJ
"1)Is there a contract? How long?2)Is this a recourse or non recourse program or both?"
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Buyer, Real Estate, West Memphis, AR
"We are a new company that is tring to set up with a factoring company so that we can receive cash to continue to function on day to day. looking for the cheapest prices and the quickest turn around time of the cash flow we have 3 trucks and deliver for some small and some fortune 500 companies."
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CEO/President/Owner, Transportation/Logistics, Lapeer, MI
"I do not understand factoring, but I need an agency to collect the outstading claims the healthcare insurance companies a dinking around with, when the claim is 100% clean & documented, including all the laws we can find to demonstrate they are illegally dening payment. Our cash flow is hurting for the first time since I stated on 1982. If you cannot help please point us in the proper direction. Thanks, marcum."
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CEO/President/Owner, Health Care, Chattanooga, TN
"Factoring of accounts receivables for progress payments?asset loans for inventory/AR."
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Consultant, Construction/General Contracting, Tampa, FL
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