HOW TO PICK THE RIGHT BROKER for ACCOUNTS RECEIVABLE (FACTORING)
First off here are the DON’T’S associated with choosing any broker:
DO NOT engage a Broker who:
Charges a fee up front (Appraisal Fees on real estate excepted),
Engages you exclusively for longer than 30 days,
Will not tell you the payment amount or term to expect.
YOU DON’T NEED FACTORING IF – the scope of work (SOW) to provide product takes less than one week and payment is received within a week of invoice.
YOU NEED TO CONSIDER FACTORING IF
You are having a hard time making payroll,
You are over 30 days on your payables,
You have no reliable cash for expansion.
Factoring is a Cash Flow Tool AND G&A expense that needs to be recognized and allocated within your P&L. Together, we can create a Pro Forma P&L based on your current accounting. Accordingly, we will develop a certainty to the degree of benefit factoring can bring to your company.
Please read about Jack’s Fiber Optic contracting company. See if you relate.
JVM Capital – if you think you need factoring – YOU NEED TO SPEAK WITH US.
WHY? We are FACTORING specialists in COLORADO who ADVOCATE FOR YOU.
JVM corresponds with many factoring lenders in Colorado. They are not all the same. Each of them prefers certain industries like Trucking, Medical, Staffing, Distribution, Manufacturing, Government Services, and Construction. This array of factoring lenders creates preferred terms for the industries they favor.
DEPENDING ON YOUR BUSINESS – WE KNOW WHO TO INTRODUCE YOU TO – AND WE KNOW THE RATES WE CAN GET YOU.
HERE IS THE BEST PART – THEY PAY US – YOU DON’T – OUR FEES ARE BAKED IN – THEY ARE NOT ADDED ON.