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

"Want to know if selected invoices can be financed (heavy vendor & subcontractor payables) or if all invoices must be financed. We wish to control which invoices are financed as some of our clients pay at net 30 days, so there is no need to finance those invoices."
-- General Manager, Other Business Services, San Francisco, CA

"We are a trucking Company and looking to see if we can factor a costomer of may,."
-- Buyer, Transportation/Logistics, Harbor City, CA

"We do maintanance work average invoice $1500.00. we do contract work average $20000.00."
-- CEO/President/Owner, Construction/General Contracting, Sacramento, CA

"A good portion of our receivables are from Medicare or Medicaid, how thiese types of receivables handled?"
-- Partner/Principal, Financial Services, Boca Raton, FL

"I looking for a company that does not have a minimum amount to factor monthly."
-- CEO/President/Owner, Equipment Sales & Service, Port Allen, LA

"We will begin Costco Wholesale road shows next year and anticipate revenues to increase from approximately 1 million this year to between 3 - 5 million next year."
-- General Manager, Wholesale, Mount Vernon, WA

"Fractoring will only be nessisery for a few accounts not all."
-- CEO/President/Owner, Transportation/Logistics, Baltimore, MD

"A good portion of our receivables are from medicare o medicaid, how are these types of receivables handled?"
-- Partner/Principal, Financial Services, Boca Raton, FL

"Small percent, load by load basis, no contract for more than 2 months, direct deposit to a bank account etc, no set up fees."
-- Office Manager, Transportation/Logistics, Cincinnati, OH

"I am a service oriented business within the advertising industry. I produce photo shoots for ad campaigns which pay 50% project advance upfront and the final payment can take up to 120 days. Looking for better cash flow management."
-- Partner/Principal, Advertising/Marketing/PR, Culver City, CA

"Marketing a web service to Turf Farms for a Turf Order and Delivery Scheduling System that is accessible by farm staff and their customers to coordinate harvesting and delivery between farms, harvesting, trucking and installation crews. Customers of this service are signing an ANNUAL contract payable monthly. Since this is the beginning of this business venture we need to monetize these contracts to upgrade intial version and develop other services on the same platform for other industries."
-- CEO/President/Owner, Agriculture, Lake Butler, FL

"Are goal is to grow the business in 2008 so tracsactions like this with differing amounts will be common to pay consultants."
-- CEO/President/Owner, Consulting, Rowlett, TX

"Is it possible that you know that GCFS , a company you represent ) is guilty of multiple federal offenses? It is a fact. Tougch my reportsagain, I dare you!Satan"
-- Educator, Other Business Services, Prescott, AZ

"This is a request to set up a correspondent relationship with a banking/lending firm for my company to bring factoring request from my loan customers."
-- Partner/Principal, Financial Services, Orange, CA

"We have AR upto 30000 from a company. The company is good company with solid growth. As we are going to receive the money in march 2008, we are in need of the cash very urgently."
-- Facilities/Operations, Computers - Software, Carmel, IN

"We serve small businesses, medium businesses, huge businesses and government agencies. Our customers pay pretty well but there's enough lag time between our expenditures to do the work and getting paid for it that our cash flow suffers."
-- CEO/President/Owner, Transportation/Logistics, North Charleston, SC

"We are awaiting PO's from Whole Foods Market and need the capital to cover the inventory until paid."
-- Partner/Principal, Wholesale, Laguna Beach, CA

"I currently have A/R of $41,000.00 of those approx $5,000.00 is inconsistent payment history."
-- CEO/President/Owner, Retail, Lincolnton, NC

"We like to finance our roofing contracts toindividuals, developers and business."
-- CEO/President/Owner, Construction/General Contracting, Miami Lakes, FL

"A group of associates and myself are starting a Cable Contracting Company in February 2008. We are looking for a factoring company to handle our needs with invoices. Our clients will include Comcast, Time Warner, and AT&T. Please feel free to call me to discuss your opportunities."
-- Sales/Business Development, Telecom/Utilities, Spring, TX

"I just open small trucking company. I am starting with one my truck and 2-3 owner-operators."
-- Buyer, Transportation/Logistics, Chicago, IL

"We are looking to establish a factoring relationship before takeing on invoices !we are a start up -with 0 negative or leins on any invoices -"
-- CEO/President/Owner, Wholesale, Sun City, CA

"All contracts carry a personal guarantee from the business owner for the full amount of the contract."
-- CEO/President/Owner, Manufacturing, Pompano Beach, FL

"We sell to major supermarket chains such as Walmart, Costco, Safeway, and smaller supermarket chains."
-- CEO/President/Owner, Manufacturing, East Haven, CT

"Need it to be seemless to the client as these are recurring invoices every month."
-- CEO/President/Owner, Computers - Software, Golden, CO

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