stages of larger factoring operations: startup, growth, and exit. The website states the material will help in the startup stage with the following: Formulate your business plan and budgets Provide and customize a policy and operations manual Locate Start-up Capital and Funding Set up your operation Build your website Identify the best vendors to

I’ve found a straight forward approach to work well: “My advances usually start at 75% to 80% and my discount rate is 1% per week up to 90 days. If

To keep the client on his toes when he receives checks paying factored invoices, clearly state in your contract a 15% penalty is charged (on the invoice amount or check amount,

Lions Club, Rotary, Chamber, home-based business association, and the like, and offer your services. Just

Make certain your address appears prominently on the invoice as the “Remit to” address. This is discussed further in the chapter, “Record

Another site with direct links to all Secretary of State websites is that of Cl@s. This site is www.clasinfo.com and the page with the links is www.clasinfo.com/global/secretary_of_state.cfm

Performing the due diligence (application form, UCC-1, credit checks, etc.) Maintaining regular personal contact with the client Record keeping and the reception and disbursement of client/customer funds Providing regular reports to the client and participant.

The IFA (www.factoring.org) is an organization made up of factoring companies, asset based lenders,

Dun & Bradstreet is the best known and gives extremely thorough reports. However, there are some disadvantages to D&B for the beginning factor.