Recently, I’ve came across a few deals where my prospect has an asset based deal in place in order to fund the operations of their company. Simply put, asset based lending is a lending relationship where the lending is secured by the asset of a company. In my industry (staffing) the asset is often the company’s account receivable but can include the building the company operates out of (if they own it) and/or office equipment (again if they own it). However, if the staffing agency’s AR looks a… Continue

New to the blogosphere I felt compelled to take one step back from my initial post and fill readers in on the basic fundamentals of my business (providing payroll funding w/ back office support) and factoring. In short, I am a former recruiter now in the business of providing financial and business processing support to staffing companies across the country. Lately when speaking to prospects in the initial stages of dialogue the person I’m speaking to will often confuse my services with that of… Continue

Should I use a funding or factoring broker? For any business owner-It's a valid question worth asking and one that deserves a lot of attention to detail when answering. Theoretically, using a broker should be the best option for a company looking in to payroll funding or factoring receivables. In a perfect world, any logical person would think that a broker who is well connected to funding resources would be able to keep his/her clients best interests in mind when connecting them with a… Continue