Tips For Starting a Small Business Factoring Company

get business financial statements get personal financial statements get personal guarantees continue to verify invoices.

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.

Mr. Jencks will be happy to assist you with legal questions you have as you establish and continue your factoring business. His website is www.jenckslaw.com.

Be clear from the beginning that payments will always come to you or you won’t be able to be their factor. Sweet and simple.