Featured Fundings

February 2025

The Challenge:

A small construction subcontractor in Georgia faced a sudden cash flow crisis when their previous factoring company decided to exit the construction industry. Without immediate funds, they couldn’t pay vendors or meet payroll obligations, putting their ability to complete a critical historical restoration project at risk.

The Solution:

Factor Finders stepped in and connected the subcontractor with a factoring partner that provided funding. This quick infusion of working capital allowed the subcontractor to stabilize their finances and continue work on the restoration project without delays.

The Impact:

With the project completed successfully, the subcontractor not only met their financial obligations but also positioned themselves to bid on larger, more lucrative contracts. Thanks to factoring, they turned a potential setback into an opportunity for growth.

January 2025

The Challenge:

A machinery and equipment manufacturing company in Texas was thriving, but rapid growth created cash flow challenges. Customers often took 60–90 days to pay invoices, leaving the business struggling to cover operational costs like purchasing raw materials and maintaining equipment.

The company needed a solution to bridge the gap between outgoing expenses and incoming payments without taking on debt. Then they found Factor Finders. 

The Solution:

After understanding their needs, we connected them with a factoring company specializing in manufacturing. This partner provided immediate cash advances on their outstanding invoices, allowing the manufacturer to access working capital without waiting for customer payments.

The Impact:

With steady cash flow, the company was able to purchase raw materials on time, maintain equipment, and even take on larger orders from new clients. The flexibility provided by invoice factoring allowed them to meet growing demand without financial strain. Today, their production is running smoothly, and they’re expanding their operations confidently.

December 2024

The Challenge:

A growing transportation business was thriving with new contracts but struggling with delayed payments. Their clients’ payment terms stretched up to 90 days, while immediate expenses like payroll, vehicle maintenance, and fuel couldn’t wait.

Traditional bank loans weren’t an option due to limited credit history. The owner needed a fast, flexible funding solution to keep operations running smoothly.

The Solution:

We stepped in as their invoice factoring broker and connected them with the perfect partner. Within 48 hours, they received an advance on their outstanding invoices, providing the working capital they desperately needed.

This solution allowed them to access funds without taking on long-term debt or waiting weeks for client payments to clear.

The Impact:

With cash flow restored, the business covered all operating expenses and seized growth opportunities. They expanded their fleet, took on more contracts, and strengthened client relationships. Now, they have peace of mind knowing funding is always within reach whenever cash flow challenges arise.

November 2024

The Challenge: 

With the new year fast approaching, Mike, the owner of a construction business, knew he needed to address his cash flow issues. Long payment terms from clients were making it difficult to cover payroll and purchase materials, especially with several large projects lined up.

The Solution: 

Determined to start the year strong, Mike reached out to Factor Finders for help. Factor Finders quickly connected him with a factoring partner that understood his industry’s challenges. By factoring his invoices instead of waiting 60 to 90 days, Mike gets paid immediately after sending them.

The Impact: 

Now, as he prepares for the new year, Mike feels confident about taking on new projects and growing his business.

“Factor Finders gave me the cash flow solution I needed just in time for the new year,” Mike said. Thanks to invoice factoring, he’s ready to hit the ground running.

October 2024

The Challenge:

As the holiday season approached, demand for Emily’s products surged, putting a strain on her cash flow. Clients often took 60 to 90 days to pay their invoices, making it challenging to cover the increased costs of raw materials and labor during this busy period.

The Solution: 

Factor Finders quickly connected her with a factoring partner who understood the unique cash flow challenges of her industry. By factoring her invoices, Emily received immediate payment for outstanding invoices, giving her the liquidity needed to keep up with holiday demand.

The Impact: 

With steady cash flow, Emily could

• Purchase materials in bulk at discounted rates 
• Hire additional staff to meet production deadlines
• Improve her profit margins
• Accept more orders and expand her client base

“Factor Finders made it possible for me to focus on growing my business instead of worrying about cash flow,” Emily said. “The holidays went from being a stressful time to a period of growth and opportunity.”

September 2024 

The Problem: 

Alex faced a problem that is common in the construction industry: Slow paying clients. With projects taking months to complete, waiting for payments significantly impacted their cash flow. This made it challenging to pay employees, purchase new equipment, and take on new projects. 

The Solution: 

Alex contacted Factor Finders. We discussed their needs and put them in touch with a reputable factoring company that perfectly matched their business model. Invoice factoring provided Alex with immediate access to cash based on their outstanding invoices. With consistent cash flow, Alex could now pay employees on time, invest in necessary equipment upgrades, and explore new business opportunities. Knowing they had a reliable source of funding helped alleviate financial stress and allowed Alex to focus on running their business. 

August 2024 

The Problem: 

A family-owned landscaping business was facing a common issue: Slow-paying customers. Their net 60-day terms meant waiting months for payment, which prevented them from taking on new projects and investing in new equipment. The owner knew this was hindering their growth. 

The Solution: 

Enter Factor Finders to the situation. The company connected with Factor Finders, who understood their specific needs. We explained how invoice factoring could unlock the cash tied up in outstanding invoices. With our help, the landscaping business secured a factoring solution that provided them with immediate access to 80% of their invoice value upon completion of a project. The influx of immediate cash allowed the business to invest in new equipment, take on larger projects, and hire additional staff. 

July 2024 

The Problem: 

Sarah, who owns a well-known landscaping company, had a thriving business. Her crew meticulously designed and maintained stunning gardens for a loyal clientele. However, Sarah soon encountered a familiar challenge for many small businesses: Slow-paying clients. 

“My invoices were taking forever to get paid,” Sarah explained. “This meant waiting weeks, sometimes even months, for the cash I needed to cover payroll, equipment, and supplies. It was a constant struggle to keep the business running smoothly.” 

The Solution: 

Desperate for a solution, Sarah turned to Factor Finders. Our invoice factoring specialists explained how invoice factoring could bridge the gap between outstanding invoices and immediate cash flow. 

“They are amazing,” said Sarah. “They walked me through the entire process and addressed all my concerns. It was clear Factor Finders genuinely wanted to help my business succeed.” 

With access to immediate cash from her invoices, Sarah’s financial worries eased. She used the funds to hire an additional crew member, which allowed her landscaping business to take on more projects. Additionally, Sarah invested in new landscaping equipment that enhanced the quality of her services and attracted more clients. 

The Problem: 

Alex faced a problem that is common in the construction industry: Slow paying clients. With projects taking months to complete, waiting for payments significantly impacted their cash flow. This made it challenging to pay employees, purchase new equipment, and take on new projects. 

The Solution: 

Alex contacted Factor Finders. We discussed their needs and put them in touch with a reputable factoring company that perfectly matched their business model. Invoice factoring provided Alex with immediate access to cash based on their outstanding invoices. With consistent cash flow, Alex could now pay employees on time, invest in necessary equipment upgrades, and explore new business opportunities. Knowing they had a reliable source of funding helped alleviate financial stress and allowed Alex to focus on running their business. 

June 2024 

The Problem: 

Traditional factoring was not an option for two of our clients. A manufacturing company landed a large government order but needed immediate funds for materials. Meanwhile, a surgery center faced delayed insurance payments due to the Change Healthcare attack, which put their cash flow at risk. 

The Solution: 

Both companies reached out to us needing quick access to cash. We went the extra mile and leveraged out extensive network of partners to secure them loans exceeding $250,000 each within days. 

May 2024 

The Problem: 

Kevin, the owner of a commercial security systems company, contacted us seeking funding. His business was struggling because of poor cash flow and having to wait 30-45 days for payment was holding him back from expanding his business. Having never factored before, he was adamant about having someone who could explain and walk him through the process to ensure it was a good fit for his business. 

The Solution: 

Factor Finders explained the process to him thoroughly, and after he took some time to decide it was necessary to keep his business afloat, we were able to decide which funding partner was the best fit for him. The funder was happy to help Kevin through the application stage. After all the documents were signed, Kevin was accepted. His business now has a steady stream of cash and Kevin is ready to make his growth dreams a reality. 

April 2024 

The Problem: 

Factor Finders was contacted by the owner of a health care facility looking for options to receive money quickly. Due to an unfortunate situation, payouts were going to be delayed and the owner needed something quick to help until things were resolved. 

The Solution: 

Our team agreed that traditional factoring would not be a good fit for their company. Since Factor Finders has partners in all sectors of the financial industry, we knew who would be able to help quickly. With the paperwork completed, the owner was able to receive a line of credit in a timely manner, helping him bridge his financial gaps quickly and dodge future issues. 

March 2024 

The Problem: 

We were contacted by the new owner of a company that supplies entertainment for nursing homes because he was struggling with late invoice payments. The over 30-day payment windows were hindering his ability to take on new contracts and expand his business. 

The Solution: 

Because Factor Finders frequently works with clients who are new to invoice factoring, we knew exactly the funder to match with his business and walk him through the process. The owner mentioned that he recently moved his company to another state and needed to update his LLC before the funding took place. After that was completed, the funder we paired him with was able to quickly fund his company, so he had the cash flow needed to take on more contracts and expand his entertainment business. 

February 2024 

The Problem: 

Factor Finders was contacted by a panicked trucking company owner. They had just been informed that their current factoring company was going out of business and would not be able to factor their current load. With invoice factoring being a pretty big part of keeping their business afloat, they knew they needed to act fast. Luckly for the owner, getting businesses funded fast is our specialty. 

The Solution: 

Fortunately, we have several different funding partners in the trucking industry. After gathering more information about the company and its goals, we were able to put them in touch with a funder that was the perfect fit. After the two parties worked out the details, the trucking company owner was able to get funded the same day. 

December 2023 

The Problem: 

The owner of a travel staffing company reached out to Factor Finders seeking to fix an ongoing financial issue. With his customers taking up to 60 days to pay, the owner was having trouble making payroll each week. 

The Solution: 

Once we collected more information about his business, we were able to connect the owner with one of our several partners that specialize in funding staffing companies. 

October 2023 

The Problem: 

Jim, the owner of a small staffing agency in California, reached out to us with a problem. Many of Jim’s clients take up to 30 days to pay him, which led to issues with his ability to make payroll. In addition to those challenges, due to California’s disclosure laws, it is much more difficult for Jim to find a factor that does business in his state. 

The Solution: 

Good news for Jim, as we have several funding partners still doing business in California. After gathering some information about Jim’s business and his goals, we got him in touch with our recommended funder. A deal was stuck and now Jim is able to make payroll without the worry of cash flow issues. 

September 2023 

The Problem: 

It’s not every day that a staffing company billing $2 million a week comes across our desks. This lengthy deal took over 18 months of phone calls, meetings, and delays to get done. We could not be more excited now that it is completed. This was a once-in-a-lifetime deal, but not to worry, as we are not straying from our specialty. We are still committed to serving small businesses every day. No business is too small or too new. 

The Solution: 

A large staffing company based in the Northeast was referred to as Factor Finders. Although the company was already factoring, their current factor was being sold. This persuaded the company to examine other options in the industry. After gathering information about what they were looking for, we were able to connect them with a factor that specifically met their needs. 

October 2021 

The Problem: 

This month Factor Finders received a call from one of our partners asking us to take a look at a staffing lead to see if we could place them with a qualified funder. It was outside their area of expertise, but they knew it was still fundable. After reviewing the documentation and speaking with the owner of the staffing company, Factor Finders knew exactly which funder could help this company with their first factoring experience.  

The factoring company spoke with the owner and even though their debtors had good credit, they discovered the owner’s invoicing procedures would not work for factoring. 

The Solution: 

Instead of turning the prospect away, the funder rolled up their sleeves and worked side by side with the owner in getting their invoices properly prepared for factoring. After a few revisions and with some patience from the debtors, the invoices had the required information needed to move forward with the factoring process. The owner of the staffing company received the funds needed to accept the new contracts to grow their business. 

Factoring for the first time can be daunting for business owners and sometimes there are hurdles, but our funding partners are always willing to go above and beyond. Here at Factor Finders, along with our funding partners, we explore all possible solutions to make successful factoring a reality. 

September 2021 

The Problem: 

 

The owner of a premium security service company called Factor Finders in hopes of finding the best factoring company. Their customers were at net 30, however, the payments were slowing down the potential growth of the business, so they needed funding to meet the demand. 

 

After gathering information from the owner, Factor Finders knew which funder would be a good fit. The funder, working with the owner, discovered during the underwriting stage that there were two open liens filed. One was an IRS tax lien and the other an SBA lien. 

The Solution: 

 

Even though factoring seemed hopeless for the owner, our funding partner wasn’t throwing in the towel. Together, the funder and owner made a game plan to take care of both liens. Once all the paperwork was in place, the tax lien was released and the SBA was subordinated, allowing the factoring process to continue. After all was said and done, the owner received the funding necessary to support the growth of their business. 

 

Factor Finders works with a wide range of funding partners and with our years of experience in the factoring world, we know it is more than just finding a funder. It’s also based on personalities and demographics. When we gather information, we take a lot into consideration to make sure that the funders and business owners are set up for success. 

August 2021

The Problem: 

This month, Factor Finders got a call from one of our partners seeking help for their current client. Their client who repairs network devices were looking for factoring but ran into some issues. After factoring in the past, they were unable to go back to that factoring company since having a UCC filed. Our partner was willing to subordinate so that wouldn’t be an issue. 

After speaking with the owner of the business we were able to set them up with a factoring company that would be able to help them. While doing their due diligence, the factoring company discovered the owner actually had two other UCCs filed on them. One was from a factoring company that was no longer in business and the other was an MCA. 

The Solution: 

For the factor to move forward, a few things would have to occur. First, they would need a Release Letter from the parent company of the factoring company that is no longer in business. As for the MCA, they would need to get proof they aren’t in default and that they would be willing to subordinate. 

Once all the paperwork was completed and filings either subordinated or released, the owner was able to factor again and was very pleased with how everything was handled. 

During the entire process, the factoring company stayed in communication with the owner letting them know step by step how things were progressing and addressing any concerns. 

Factor Finders not only has business owners calling us for factoring, but our funder partners can also call on us for help knowing we would do everything we can to make sure their clients succeed. 

July 2021

The Problem: 

The manager of an oilfield cleanup company called Factor Finders wanting help in finding the best factoring company. She was in the middle of the process with a factor when suddenly they were turned down.  Deciding to give it another try on her own with another factoring company, only to be turned down again, the frustration was building. They needed funding and needed it FAST. 

Factor Finders spoke with the manager and discovered the underlying issue. The sole owner of the company had poor personal credit; however, their customer had excellent credit. 

The Solution: 

With our wide range of funding partners, we knew the funder who would overlook the owner’s credit based on the opportunity. Since the manager did a lot of the paperwork for the other two companies, she was able to send all documents to the new funding company, which saved a lot of time. Once all paperwork was in place, the cleanup company received funds within three days and was able to meet their client’s demands. 

We understand searching for the best factoring company on your own can be stressful but we’re here to eliminate that stress. Even if you try to find a factoring company on your own just to be turned down once, twice possibly three times, call Factor Finders. Along with our great funding partners, we will do everything we possibly can to help a business succeed. 

June 2021

The Problem: 

Factor Finders received a call from an owner of a company that provides traffic control services. They were searching for a factoring company and called a few before noticing our site. After speaking with the owner and getting the information on their company and what they were looking for, Factor Finders knew the funder who would be capable of meeting their needs. 

The factoring company and owner started the paperwork and during the process the owner let the funder know that they had an SBA loan.  Since the funder would need to get a Subordination Agreement, which is pretty routine, this didn’t seem to be an issue. However, when submitting the paperwork for the subordination, it was discovered that the owner had let his business insurance lapse so the funder’s application for subordination was refused. 

The Solution: 

This hiccup didn’t discourage the funder. They worked together in getting his business insurance secured with proof of coverage. The funder was then able to get the necessary subordination from the SBA and the owner received the funds he needed to grow his business and accept more contracts. 

While this situation may have deterred others, Factor Finders’ funding partners are always willing to go the extra mile for their clients. 

May 2021

The Problem: 

The owner of a staffing company called Factor Finders looking for information on factoring. They have been in business for a long time and his customers were all in good standing. The issue he was having was with his bank. They wouldn’t increase his credit line and he was looking to leave in favor of factoring. 

After doing some research on his own and calling around he was looking for specific funding terms. With such strict funding demands, he was having a hard time finding a factor that would work with him. 

The Solution: 

After talking with the owner and exchanging information about factoring and what he was looking for, we knew which of our funding partners would be willing to work with him and meet as close to his funding demands as possible. 

After many conversations between the owner and the factoring company, they were able to come up with a factoring agreement both sides were happy with. Even after all the paperwork was done, the owner still wanted to give his bank another chance. After many weeks and getting nowhere, the owner made the final decision that factoring would be the best option for his company. He contacted the factoring company with his decision and started receiving the funds needed to support his growing business. 

Here at Factor Finders, our funding partners will go above and beyond to help businesses be successful. They will do whatever they can to make both parties happy and businesses get the funding needed for growth. 

April 2021

The Problem: 

The owner of a staffing agency had been calling factoring companies for a few weeks but kept getting turned down. With each rejection, they grew more and more frustrated. Starting to get concerned that they were not going to be able to find a funder who could help, they decided to give Factor Finders a call. 

After Factor Finders spoke with the owner, it was discovered that the issue was not with the staffing agency, but the customer they were billing and their lack of credit. 

The Solution: 

Having such a wide range of program options Factor Finders knew the funder that could best help. This funding partner had worked with that particular customer in the past so rather than relying exclusively on publicly available databases, they used their established internal credit history. 

Since there were no financial concerns with the customer, the owner of the staffing agency and the funder were able to get all the necessary paperwork in order to complete the final underwriting and funds were received for the staffing agency’s continued growth. 

We understand finding a factoring company on your own can be daunting and stressful. Not knowing the individual programs of the many funders in the industry makes the process challenging. Eliminate the stress and call Factor Finders! With our years of experience and working knowledge of not only the funding industry but our funding partners and their areas of expertise, even the most daunting issues can usually be resolved which means no stress for you + more time for your business = more cash flow. 

March 2021

The Problem: 

The owner of a construction company called Factor Finders with a complicated opportunity that would prove to be difficult. They serve both commercial and residential clients and were looking for a factor that could fund both, not just the commercial side of the business. With the majority of their work being paid by homeowners and insurance companies, they were having a difficult time finding a factor. With plans for future growth, they wanted to secure financing.  However, factoring is mostly for B2B. 

After Factor Finders spoke with the owner and received details regarding their business operations and what they were hoping to accomplish, we knew just one way this was going to get funded. 

The Solution: 

Since Factor Finders partners with a vast variety of funders, there was one partner, with years of experience, that specializes in the insurance restoration industry. They were willing to work with the owner and help them meet their future goals. 

The funder, using its knowledge and understanding of disaster restoration and insurance payments, gathered the needed information and documents, and working together, the owner was able to secure funding and continue the process of financing their business growth. 

Even though, this situation seemed hopeless, calling Factor Finders and letting us do the groundwork before giving up was a good choice. Working with our wide variety of funding partners, we will always try to find a way to help business owners meet their business goals 

February 2021

The Problem: 

One of our partners called us regarding a misdirected lead they received. Since they were a trucking funder, and the lead was a landscaping business they were unable to help and reached out to us to see if we could assist. 

After speaking with the owner of the business, it was discovered that they had already contacted several factoring companies on their own but kept getting turned down. It seems they had a few UCC filings that the lead was unaware of and that is why funders were rejecting them. 

We spoke in detail on what the UCC’s could be for and if he had “signed up for” a loan or any other financial options in the past. He has a line of credit with his supplier which is one of the UCC’s.  The other he was unable to figure out. 

The Solution: 

Fortunately for him, we partner with a wide range of funders and knew just the funder who would be able to help with the UCC and get him set up with factoring. We referred him to a funder who we knew would put the work into figuring the situation out and would also explain the subordination that they would need with the supplier. 

Once our partner spoke to the owner and found out his debtors were in good standings, they went right to work in helping the owner understand about UCC filings and getting the issues resolved so they could get set up and start receiving funds in a timely manner. Within days the issues were resolved, the owner started receiving the funds needed for continued growth and was happy with the process and treatment he received. 

January  2021

The Problem: 

This month Factor Finders received a call from the owner of a service company. His business had been contracted with another company for the last year and he was now breaking out on his own. By contracting with a company in his industry, it allowed him to gain the necessary experience to secure his own contracts. Ready to make the move, he was looking to be set up with a factoring company. 

After Factor Finders talked with the owner and found out what they were looking for in a factoring company, we knew exactly which funder would fit them best. The factor spoke with the owner and got the ball rolling. When the paperwork was received the factor discovered there was a couple of UCC filings already in place. One UCC filing would be an easy fix however the other was an SBA UCC filing with a bank. 

The Solution: 

For the factor to move forward they would need the bank to agree to a subordination. The owner was unsure about that and had some questions. Once the factor explained in detail the reason why they needed the subordination from the bank to go forward, all was agreed upon and the paperwork was filed. 

After all the documents were in place, the owner was able to secure the funding needed to operate their business and was very pleased with the way everything was handled. 

During the entire process, the factoring company stayed in communication with the owner letting them know step by step how things were progressing and addressing any concerns. Factor Finders works with funders in many industries who listen and take care of their clients and with today’s trying times, that is a crucial business trait to have. 

December 2020

The Problem: 

The owner of a staffing agency providing administrative and light industrial staffing for large clients called Factor Finders in a pinch. Their current contracts were growing fast, and they needed funding to hire more employees to meet the demand. 

Since they have never factored before and were new to the factoring world, they had some questions and concerns. They had been turned down by the first factoring company they called because they were “too small.” This was an easy challenge for Factor Finders. 

The Solution: 

Factor Finders regularly works with temporary staffing companies in need of cash flow to assist with their rapid business growth. 

Factor Finders gathered the necessary information and immediately knew a funder who would be able to help the owner with their company’s growth. Using Factor Finders’ wide range of partners, we were able to set them up with a funder who had specific expertise with the staffing industry. 

The funder walked the owner through the steps of factoring, answered all questions and put their concerns to rest. After all the paperwork was completed, they received their first funding and were able to hire the necessary employees to meet their clients growing demands. 

November 2020

The Problem: 

An owner of a trucking company contacted Factor Finders in hopes of finding a new funder. He had been with a factoring company for over a year, but at the beginning of this year, the owner took out two MCA loans and the funder was letting them go because of it. The good news was the factor did have the first position UCC lien and was willing to transfer it to a new funding company. 

Not only was the owner having trouble finding a funder who would be okay with a client having two MCA loans, but there was another challenge. When COVID hit, the owner’s business also took a hit affecting both their credit and their relationship with the funder, which put a strain on the owner. 

This situation posed a unique challenge for Factor Finders, but as always, we were up to the task. 

The Solution: 

Now the good part. Factor Finders works with partners who understand that things happen, so they are always willing to help in any way. That said, Factor Finders knew a funder who would be the best fit and would talk to the owner. 

After speaking with the owner and discussing their specific needs, the funder agreed to work with them despite conditions that may turn other funders away. 

Finally, paperwork was signed, and the owner was able to secure the funding from his new factoring company to help keep his business going. The owner expressed extreme gratitude for Factor Finders’ assistance in making the transition to a new funder much less stressful. 

October 2020

The Problem: 

Factor Finders received a call from the owner of a tech staffing company in need of funding after receiving a large contract. The owner’s company supplies technicians for installing and repairing telephone and internet services. 

Factor Finders contacted a long-standing funding partner with extensive experience in the telecom industry. While getting more familiar with the owner and their business, the funder discovered that some of the owner’s debtors would not be clients they could fund. 

Since this was a debtor’s issue and not the owner, the funder continued to find a way to help the company. But there was another twist to the story. In the process, the funder found out the owner had signed up with a different funder. 

The Solution: 

A quick Google search proves that finding the best factoring company is no simple task. What seems like a great deal at first glance, may prove to be anything but. 

For some, this would be the end of the story but something happened a few months later. The owner reached back out to the funder we originally matched them with. Overall, the business owner was not happy with the funder they found on their own. 

During those few months apart, the owner took on more clients that the funder would be able to work with. After documentation was completed, the owner received the funds needed to continue taking on more contracts and clients. 

Selecting the best-fit factoring company is one of the most critical financial decisions you can make for your business. While It may seem better to cut out the middle man, situations like this prove that isn’t true in factoring. Our relationship with each of our funders allows us to listen to your business needs and connect you with the right fit. 

September 2020

The Problem: 

Factor Finders was contacted by the owner of a consulting company with a unique situation. She provides collaborative learning solutions and invoices school districts making this seasonal work. On top of being time-sensitive, this fact alone posed a distinctive challenge. Fortunately, she turned to Factor Finders. 

The Solution: 

After talking with the owner and gathering more information, we knew the perfect funding partner who would be comfortable with these terms. We introduced the business owner to one of our trusted factors who was able to qualify the company for invoice factoring. 

Once the owner was approved, both parties teamed up to get the necessary paperwork signed and completed and she was able to receive funding in less than 48 hours! The owner can now continue on with her educational consulting without the worry of cash flow. 

August 2020

The problem: 

The owner of a trucking company contacted Factor Finders in desperate need of a new funder – and fast. The trucking company primarily hauls sand for businesses in the oil industry and was having trouble finding funding in the current economic state. The owner was currently speaking with a funder that didn’t feel comfortable with the credit of his single customer amid instability in the oil and gas industry due to the pandemic. 

After speaking with several factoring companies he found on his own, the owner realized it was going to be harder than he thought to find a factoring company to fit his business’ unique needs. This is where Factor Finders comes in. 

The solution: 

Factor Finders works with a wide range of funding partners across all industries, including oil and gas. Using our long-standing relationships, we were able to find a factoring company willing to extend sufficient credit to meet the trucking company’s needs. This funder in particular had deep industry knowledge and was currently working with a single customer. 

After the introduction was made and paperwork was completed and approved, his worries were put to ease. 

The owner was funded within a week without missing any business and is now able to focus on the growth of his company 

July 2020

The problem:  

The owner of a staffing company called Factor Finders desperate for funding – he needed to make payroll tomorrow! He had wasted precious time attempting to get funding from a series of firms he had found online. Many promised, but none delivered. Unfortunately, other than in trucking, factors generally can’t fund within hours. 

Factor Finders was the owner’s last hope of making payroll. Lucky for him, he called on the right company to get the job done. 

The solution: 

While Factor Finders’ primary expertise is accounts receivable factoring; over the past decade, we have developed an extensive network of alternate funders to meet our clients’ needs. The staffing company needed an immediate one-time cash infusion in conjunction with a longer-term ongoing factoring relationship. 

Factor Finders contacted a bridge lender that specializes in working with clients of factoring companies. As long as the owner’s request was reasonable (and it was), they could provide a one-time bridge loan within hours. Factor Finders identified a factoring company that met the staffing company’s needs and was acceptable to the lender and introduced the parties. Factor Finders coordinated the activities of all the parties until the staffing company received their bridge loan and their first weekly factoring deposit. 

Thanks to Factor Finders, another business owner walked away happy, funded and financially stress-free. 

June 2020

The problem:  

The owner of a trucking company called Factor Finders frantic – she was planning on leaving her current factor for someone new, but her contract auto-renewed due to administrative mistakes. The owner said she wanted to leave her factor, but needed one last funding. While the invoice was submitted before the contract was up, her factor didn’t process the payment until a day after the contract expired and said because of that, her contract was renewed for another year. The factor then said if she wanted to get out of the agreement, she’d owe a large fee. 

The trucking company owner was extremely frustrated because this was the second time her contract renewed against her wishes. She had no idea what she could do and needed Factor Finders to help her find a good solution. 

While this situation might have stopped others from assisting the trucking company owner, Factor Finders knew we could help. 

The solution: 

Factor Finders works with an extensive network of trustworthy factors who are eager to help those in need of funding. We were able to contact a factoring company that had an extensive history of working with the trucking company’s current factor and asked them to take a look at the situation. 

After some negotiating, the two factors were able to come to a mutually agreeable solution to this challenge based on trust and years working together. 

Because of this relationship, the trucking company was able to get out of their contract and begin funding with the new factor. Thanks to Factor Finders’ help and connections, the two factors were able to find a resolution that was best for all parties involved. 

May 2020

The problem:  

The owner of a trucking company called Factor Finders, desperate to find a factor willing to overlook less-than-perfect personal credit. He went on to explain that his credit information had been leaked during a large security breach and he hasn’t yet been able to recover – which is why he wants to ensure the factoring company he funds with relies only on the credit of his customers. 

Finding a factoring company that would overlook personal credit can be difficult, especially since this owner didn’t want his credit checked at all. Lucky for him, Factor Finders had a solution. 

The solution: 

While forgoing personal credit checks cannot be done with traditional lending options, it can be with factoring. After listening to the owner’s funding wants and needs, Factor Finders was able to place him with a factor willing to overlook personal credit and instead rely on the debtor’s high credit. 

Once the connection was made and the paperwork filed, the owner was able to receive the funds needed to operate their business and better their credit in only a few days. The factor offered the owner flexible funding options, so he could grow his business without having to worry about cash flow. 

April 2020

The problem:  

Factor Finders was contacted by a nurse staffing agency in a pinch. The prospect had multiple contracts, many of which involve Vendor Management Systems and multiple underlying hospitals, something that makes funding more complicated. 

The owner said she had been working with the facilities for a few weeks and was confused by the reporting and payment process. She thought she had reached an agreement with a general factor; however, they were dragging their feet on the initial funding. 

She reached out to Factor Finders as a last resort for finding a funder familiar with VMS and could get her the funding she needed quickly. 

The solution: 

Factor Finders knew exactly who to call. One of our trusted partners has a long track record of funding medical and nurse staffing agencies who contract through Vendor Management Systems. They understand the unique ins and outs of all the leading players. 

We were able to get the owner directly to a knowledgeable representative, who from there took her from application to funding in three days. 

March 2020

The problem:  

“I had already worked with three factoring companies, who all failed,” a frustrated business owner told Factor Finders over the phone. “They all sounded so promising at first, but then the cracks started to show.” 

This business had tried to find and secure funding- they were a construction clean up operation and needed the cash flow to pay workers and rent equipment, but often didn’t get paid for completed projects for up to 90 days post-work. The owner had tried finding funding on her own three times, but kept getting turned down due to her industry. 

She made it clear to us she wanted a funder who works quickly and had experience doing business with construction companies in particular. She was fed up with trying to find her own factoring company and requested our help as a last-ditch effort. Thankfully, monetary matchmaking is what we do best. 

The solution: 

We placed her with a funder we have a great relationship with who had many years’ experience funding construction invoices. She was so pleased with the factor that we set her up with, she submitted this review to us. We think it speaks for itself. 

“I told the partner Factor Finders matched me with that I really needed a factor and told him how much it would change my life,” the business owner said. “He confidently assured me that he could get the job done, and I actually believed him. It was the confidence in his voice and the pride he had in his industry that made me hope again.” 

“Long story short, this partner did everything he said he would do, and did it even faster than he originally said. I was set up and funded, all in one week,” she said. “I am very grateful to Factor Finders.” 

February 2020

The problem:  

The owner of an electrical sub-contractor called Factor Finders in a panic – his company was pulling in several new contract jobs, but didn’t have enough capital to make bi-monthly payroll without dipping into personal funds. 

He told Factor Finders he had called several other factoring companies and was turned down for funding because he worked in the construction industry, which some funders find too time-consuming to deal with. 

The owner needed money fast – he only had a few days to respond to the businesses wanting to contract his services. Factor Finders was his last chance to secure funds before the jobs were offered to another business. 

The solution: 

Our team hopped on the phones and started calling our most reliable construction factoring contacts. In less than an hour, Factor Finders was able to connect the owner of the electrical sub-contracting business with a factor with years of experience working with construction companies. 

The entire process, from application to funding, only took a few days to complete. The sub-contractor was extremely pleased with the fast turnaround that allowed him to accept all of the new contract job opportunities coming his way. 

Now with an established connection to a factoring company, the owner can accept (and factor) larger, more expensive jobs without worrying about impacting the company’s bottom line. 

January 2020

The problem:  

The owner of a trucking company called Factor Finders looking for factoring for his eight trucks. Normally, this would be a simple placement. However, this company was based in Hawaii, making finding a funder that kept the same hours a hearty challenge. 

The solution: 

Here at Factor Finders, we pride ourselves on having longstanding, personal connections with funders from all across the United States. Our sales team personally connects with representatives from these factoring companies both over the phone and in person several times a year. 

Due to that fact, we can introduce clients to funders based on both their needs and their personalities. 

Our depth of knowledge of one funder in particular came in handy for this case, as one of their employees had lived – and still has family – in Hawaii. Since this funder was familiar with the time difference and challenges it presents, we knew he would be the best match for this trucking client. 

We put the trucking company owner in touch with the previous resident of Hawaii, and together they worked out a system that allowed them to communicate and operate at a time that was acceptable for both of them. 

Once the paperwork was in place and the schedules agreed upon, the owner was able to secure the funding needed to run his current fleet with opportunities for consistent cash flow as his company grows. 

December 2019

The problem:  

The owner of a trucking company called Factor Finders looking for help finding two specific things: factoring and power-only freight. 

Power-only freight is a specific field of trucking in which both a truck and driver are hired to transport trailers and products to a specified destination. 

The owner of the company said she was running as an owner operator for another carrier, but wanted to run under their own authority. In order to do so, she needed to show she had freight and the monetary means to grow her potential business. 

This situation posed a unique challenge for Factor Finders, but thankfully we were up to the task. 

The solution: 

After gathering the specifics of what the trucking company needed and wanted in a factor, Factor Finders set them up with a funder that could assist them in all aspects. 

The funder talked with the owner, ensuring she knew and understood the process of factoring. After receiving all the documents back, the factoring company set the owner up with a dispatcher who worked heavily in the power-only freight sector. 

This provided the new business owner with the confidence to get the proper insurance and authority needed to run on her own, knowing her first invoice will be funded. 

November 2019

The problem:  

The owner of a marketing company contacted Factor Finders after they were awarded a large project with Google. The marketing company had never handled a job this large in the past and needed help from a factoring company to fund the project to completion. 

Even though Google is a large company with great credit, the marketing company would only be factoring once or twice a year, making finding a factor much more difficult. 

Luckily, Factor Finders works with a wide range of factoring companies that can often work around issues like this when the debtor is credible. 

The solution: 

After gathering some information from the marketing company, Factor Finders put the owner in touch with a factor that would be able to provide the business with what they were looking for in a funder. 

The funder talked to the marketing company owner about her business’ specific factoring needs, then agreed to proceed with funding their projects, even if it was only twice a year. After getting all of the paperwork in place, the company owner was able to receive the funds needed to continue working on their project from Google. 

Thanks to the flexible funding of our factoring partners, the marketing company continued to meet Google’s needs, which allowed the search engine to offer them larger, more frequent projects. The owner is pleased to be able to take on more work from a large business knowing Factor Finders will find her funding! 

October 2019

The problem:  

The owner of a business that sells and installs compressor parts in large factories called Factor Finders, eager to explore their funding options with factoring. We sent them to a factor that met their specified needs that same day. 

The funder immediately contacted the business owner to discuss his needs; unfortunately a potential roadblock was quickly identified. 

The factoring company found there were multiple  UCC filings in place by a bank, placing a lien on the prospects accounts receivable. It was recommended that the company put the factoring process on hold until the bank filings were resolved. The business owner was reluctant to do so, saying that they thought factoring was really the best option for them and their growing company. In fact, they really wanted to factor their invoices while maintaining their banking relationship. 

For some, this would be the end of the story. But since Factor Finders partners with creative funders, it’s not. 

The solution: 

The factoring company, seeing how committed the business owner was to factoring, proposed a workaround to the problem. In some cases, factors can still work with companies borrowing from a bank if there is additional collateral available to the bank.  This requires 1) an excellent relationship with the bank as well as 2) enough collateral to go around.  The actual funding requires a legal document called an intercreditor agreement. 

After explaining the intercompany process to the owner, the two decided to give it a try. The bank consented to the agreement almost immediately, and the funder was able to factor the owner’s invoices in a timely manner. 

Thanks to funders who will go over-the-top for their clients, this business owner was able to get the funding they needed to keep meeting obligations and continue growing their company. 

September 2019

The problem:  

The owner of a business whose customers consist of oil & gas companies called Factor Finders looking for a factor that would fund their invoices. After getting to know exactly what they wanted, we were able to send them to a valued partner we thought would be a good match. 

The funder reached back out to us almost immediately to let us know the owner had poor personal credit and wasn’t going to be a good fit, however, the credit of their debtors looked good. They felt the deal was doable just not by them. 

This denial would set back many factoring brokers, but for us, it was no big deal. We knew exactly who to turn to. 

The solution: 

Since the funder let us know in a timely manner and we work with a wide range of factors, we were able to send them to another funder that focuses mainly on the debtor’s credit and not on the owner’s personal credit. 

After the new factor reviewed their file and completed their own due diligence, they decided that the deal could in fact be done. 

Time was ticking and to the relief of the owner of the company, the funder was able to get everything completed rather quickly and they were able to get their invoices factored and the much needed funds to keep their company growing. 

August 2019

The problem: 

An owner of an HVAC company called Factor Finders looking for a funding solution. The owner said she had been shopping around and called multiple factoring companies on her own, but didn’t have any luck finding one that she liked. 

After getting frustrated and discouraged she decided to give us a call to let us do the searching for her. 

Factor Finders talked with the owner of the HVAC company about her previous issues finding a factor and discovered that her primary client didn’t want to work with a factoring company. 

The HVAC company owner said she needed funding fast, but was doubtful that we could even help her given the situation. Thankfully, we knew just the factor that could assist her. 

The solution: 

We were able to get the owner of the HVAC company in contact with a factoring company that had worked with clients who were on the fence about factoring before. 

The factoring company reached out to the HVAC client and had a lengthy discussion. Afterward, the client agreed to allow the HVAC company to give factoring a try and released their invoices. 

Less than a month after the HVAC owner first contacted us, she called back. 

She told Factor Finders her client praised the factoring company we set her them up with, saying the process was fast, easy and inexpensive. 

The funds that the HVAC owner received from factoring had allowed her to take on more projects and purchase new equipment, in turn bringing more business to both her and her client. 

July 2019

The problem: 

The owner of a trucking company called Factor Finders in a panic – he said the company receives steady work from one large customer who pays quickly and has never defaulted. However, the trucking company still couldn’t find a factor who would fund them. In fact, they had already been turned down by two funders. 

He needed our help but was doubtful we could help his business. The owner told Factor Finders if he didn’t get funding soon, the company’s cash flow wouldn’t be balanced enough to accept new jobs without taking money out of personal accounts. 

The owner felt like he was running out of options and said Factor Finders was his last hope for factoring. 

After talking with the company and reviewing their previous factoring attempts, we discovered the problem lay not in the credit of the debtor, but their credit history. The debtor was a strong company but didn’t meet certain requirements of several factors because they didn’t have enough publicly available credit history. 

The company ran into issues because other funders wouldn’t grant a large enough credit limit to meet the needs of the business’ five dump trucks. 

Factor Finders knew this made their business a hard sell to some funders — but we knew just the factor who could fund it. 

The solution: 

The factor we matched the trucking company with had a significant database of their own, filled with information on clients in the trucking industry that weren’t all publicly available. They were able to find information on the trucking company’s customer and said they could provide funding. 

The factor was also large enough to provide the company with the full amount of funding requested to run its five dump trucks. 

Ten days after the owner signed his factoring paperwork, his company received the funding needed to run its five dump trucks without dipping into personal funds. 

June 2019

The problem: 

We received an interesting call this month coming from someone who had reached out to Factor Finders before looking for funding help. 

This client’s body shop had fleet rental accounts and billed companies directly for mechanical and body repair work, with both paying on a 30 to 45-day schedule. 

When the client originally contacted Factor Finders, they had some issues with paperwork that needed to be taken care of by the previous owner of the shop. During the time that the letter of release and ownership transfer papers were being processed, the client had found a factor on their own and decided to work with them instead of Factor Finders. 

After months of unacceptable customer service, the body shop owner reached back out to Factor Finders because the factor they chose on their own couldn’t figure out how to verify their invoices and didn’t understand how the shop’s billing process actually worked. The body shop owner said the factor didn’t even want to try to work with them or their debtor to make it work. 

The body shop owner wanted to know if Factor Finders could help them find the particular type of factor that their shop needed — and fast — because invoices were piling up and the shop needed funding to finish projects. 

The solution: 

After listening to the body shop owner’s previous problems and current needs, Factor Finders was able to match them with a factor that was already familiar with that specific type of billing the body shop used. 

The factor worked with the body shop owner, making sure all of the I’s were dotted and T’s were crossed to start a new funding partnership based on the body shop owner’s specific needs. 

Within a few days, the body shop funded and had the money needed to continue their operations. 

May 2019

The problem: 

A construction subcontractor from Tennessee bid for and won a large contract to repair buildings on several military bases. The project wasn’t set to begin for a few months and was billed on completion, even though the construction subcontractor’s pay schedule is every 60 days. 

The construction subcontractor is now in a panic – they want this job but don’t have the funds and have never factored before. They weren’t sure who to turn to for funding since many factoring companies turn their nose at the mention of working with construction deals. 

The solution: 

The company heard that Factor Finders had an extensive network of factoring companies that would work with construction invoices, so they gave us a call. The subcontractor needed funds to pay their employees and purchase supplies to meet the time frame of the contract and wanted to get started with a factor fast. 

Factor Finders was able to match them with a factoring company that met their needs. However, there was a twist – the subcontractor was also a sole proprietor and would need to become an LLC or a Corporation in order to get funds from their factor. 

The factor gave them the information needed to become an LLC and worked with them every step of the way. 

In just a few days, the subcontractor became an LLC and set themselves up for factoring with the company that helped them through the process. They signed a contract with their factor, received funding in 24 hours and were able to begin work on their project — well meeting their deadline for the contract. 

April 2019

The problem: 

A civil engineering company in Florida reached out to Factor Finders because they had an issue with their current factor. 

The engineering company told us customer service was their top priority – and they needed a new factoring company who held the same values. Their current factor was not meeting their demands, not returning their calls and overall left them with a bad taste in their mouth for factoring in general. The prospect was also pessimistic that Factor Finders could help them, for they had been turned down by many factors in the past because they worked in construction. 

They were giving it one last chance and decided Factor Finders would be their best bet for getting paired with a new factoring company that met their needs and exceeded their expectation for customer service. 

This was a challenging lead to place for more reasons than one. Not only did the civil engineering company want to work with a factor that had excellent customer service, but because they were already currently engaged with a factoring company, they needed that factor to also buy them out of their current contract. Companies cannot work with two factoring companies at the same time. 

The solution: 

In just a few days, Factor Finders was able to find the perfect match for this customer-centric company – a factor that bought out their contract and fund other invoices at the same time. 

The owners of the engineering company reached out to Factor Finders after receiving funding, saying their experience with their new factor was exceptional. They told us they were pleased because their new factoring company kept in contact with their firm throughout the entire factoring process, ensuring the funding was completed without a hitch. The factoring company and the engineering firm owners even met face-to-face to finalize the contract together. 

That sort of customer service, the engineering company told Factor Finders, is what they themselves aim to do every day. Needless to say, they were extremely pleased with their second introduction to factoring and will be funding with their new factor as long as they need. 

March 2019

The problem: 

The owners of a remodeling and repair company were presented with the opportunity to double their business by a reliable former client. They would have to purchase building equipment, pay bills and make payroll bi-weekly, but would only be getting paid on completion of the project in 45 days. 

They called Factor Finders in a panic – they wanted to take this opportunity, but had been turned down by other factoring companies before because they are in the construction industry. To most factoring companies construction is an immediate DO NOT FUND! 

The owners needed to let their client know if they could accept their large work order within the next 30 days and were running out of options. They wanted to grow their business, but they couldn’t find a factoring company that would fund their invoices. 

The solution: 

One of the factoring companies that rejected the prospective client referred the opportunity to Factor Finders.  Factor Finders works with a large, experienced network of factoring companies that can fund even the toughest, most complex invoices with professionalism. 

We were able to refer the owners to a factoring company willing to work with understand their process and efficiently fund their large project despite the challenges. 

From submission to funding, the process only took two weeks. The owners were able to confidently accept the new work and the referring factor is now receiving commission as Factor Finders’ newest referral source. 

February 2019

The problem: 

The owner of a transportation solutions business reached out to Factor Finders needing a funding solution for their fleet of 14 trucks.  He told Factor Finders that he had never factored before, but needed funding because his customers took an average of 45 days to pay. 

There was just one catch — the business needed a factoring company that could fund their $350,000 invoices in days, not weeks. His businesses needed to continue delivering loads, but couldn’t operate without the funding from their previous invoices. 

The solution: 

Factor Finders routinely works with trucking companies looking to factor the invoices of ten trucks or more, but to do so at such a high price point and with such quick speed was a challenge. 

Despite the obstacles, Factor Finders was able to match this company with a funder that was a perfect fit. At first, the business was matched with a factor that was unable to get comfortable with the debtor concentration. Factor Finders then was able to find two other factoring companies willing to work with his business. They both processed the factoring paperwork as quickly as possible and the transportation company chose the factor that was able to get them through the process the fastest. 

Within just eight days, the part-hauling company had been approved and funded. 

One week later, the owner of the business called Factor Finders and praised us for our speed and customer service. 

January 2019

The problem: 

An Ohio based manufacturing company can to Factor Finders after they ran into an issue.  As their product became more popular, so did the demand. They began to receive increasingly more and larger orders from retailers; however they were unable to fulfill the orders in a timely basis. Their vendors required payments for raw materials but their customers routinely took 30 days to pay. 

The solution: 

The busy prospect wanted this issue taken care of quickly, as they were growing at a rapid pace. After learning more about this company’s goals, Factor Finders worked quickly to match them with the best funder to fit their needs for a time sensitive matter. Our partner was able to get the company qualified, approved and funded. 

December 2018

The problem: 

A North Carolina medical staffing agency came to Factor Finders with the need for funding to help staff their employees. With an incredibly large projected growth, they needed money and fast. 

The solution: 

Factor Finders understood that this company needed capital quickly.  After learning more about the prospect and their needs, Factor Finders immediately knew who the best factor for their business would be. Because of Factor Finders matchmaking skills, the medical staffing agency was able to get the funding they need to support their large business projects. 

November 2018

The problem: 

A commercial floor covering company from Oregon came back to Factor Finders after a few months of working with a company that we paired them with. The client told us that they and their factor had mutually decided to part ways. 

However, they needed to start factoring again with a new company — and fast! 

The solution: 

Factor Finders revisited the commercial floor company’s account to see what they were looking for in a factoring company. 

We then matched them with a different factoring company within our extensive network. Two days later, the floor company was sending invoices to their new factor. 

The factor contacted us directly just to mention fantastic the owner of the floor company was to work with, claiming that they could not be happier with their partnership! 

October 2018

The problem: 

An IT staffing company based out of Florida contacted Factor Finders looking for a change from the company they were currently factoring with. 

They told one of our representatives about some of the challenges they faced with their current factor and then described their ideal funding partner to us. While they wanted to change who they were working with, they did not want to skip a beat in the process. In addition, they needed to find a new factoring company fast — their current contract was up in September! 

The solution: 

After learning more about the staffing companies’ goals, Factor Finders matched this prospect with a factoring company that matched their description of an ideal funder. 

The factoring company met with the prospect fact-to-face to ensure a mutually valuable partnership was possible. The companies both worked quickly to identify the right cash flow solution for the staffing business and were able to come to a funding agreement without missing a beat — the new factoring company was able to send the IT staffing business over $400,000 worth of bi-weekly invoices within the short time frame set by the Florida company. 

September 2018

The problem: 

Factor Finders receives numerous calls from trucking companies who are looking for fast funding — some need capital within a few days. 

One woman called us looking to factor both of the companies she dispatches for. She told us she had a hard time finding a factor that would be able to take on two different companies that required fast funding. 

Luckily, that wasn’t a problem for us. 

The solution: 

Factor Finders has working relationships with many dependable funders. We were able to live transfer the phone call from the dispatcher to one of our funders that were willing and able to take a look at the needs of both companies. 

Within one day, both of the companies were approved and ready for the first invoice to be funded. 

August 2018

The problem: 

This month, we received a call that we get often — but with a twist. 

A trucking company called Factor Finders looking to factor their invoices so they can get paid quicker. The owner, who was located in California, had one truck and was looking for a good rate  He was also searching for a factoring company that provided fuel cards. 

However, there was a catch — he needed to start factoring as soon as possible but didn’t have his own insurance yet. 

The solution: 

Knowing that he needed to get insurance before factoring, we sent him to one of our funders who would not only be able to help him with his cash flow problems but also help find an insurance company to work with. 

The factoring company we chose was able to give him three references to local insurance companies. He was able to obtain his insurance and his authority became active within a few short weeks. 

Thanks to the introduction made by Factor Finders, the trucking company was able to secure the funding needed to grow. 

July 2018

The problem: 

Factor Finders receives many calls about needing cash fast, but this time was a little different. 

A call came in from a factoring company looking to offload one of their clients – an underwater construction, survey, engineering and inspection business – to another factoring company. There was a misdirected check and both parties decided they wanted to move their relationship elsewhere on good terms. 

The factoring company told Factor Finders a new funder needed to be found for the construction business fast, as they were constantly growing and needed the capital to keep operations running smoothly. 

The solution: 

Factor Finders understood that this underwater construction business was already relying on funds from a factor and needed continued funding to keep the organization in operation. Factor Finders was able to locate a new factoring company that better fit the needs of said business within just a few days. 

June 2018

The problem: 

Many business owners find themselves in need of money and they need it fast. Recently, a staffing agency located in Pennsylvania contacted Factor Finders looking for funding ASAP. This staffing company was working with private companies, laundry services and a staffing service coordinator for the state of Pennsylvania. 

The solution: 

Factor Finders works with many dependable factoring companies who specialize in a variety of industries throughout the U.S. After learning more about the staffing agency, we instantly knew the who the best factor would be for their business. 

Knowing the staffing company needed the money fast, Factor Finders reached out directly to the factor, even though they were at a Conference in Miami. We informed them of the situation and that factor was able to get the staffing company funded within a week. Factor Finders helped get the deal funded quickly to ensure the prospect had enough working capital for their business. 

May 2018

The problem: 

A new business specializing in service, repairs and maintenance for commercial properties approached Factor Finders this month, asking if we could help find them a funder to keep their cash flow coming in evenly because of long payment terms. 

They told us their Florida-based company was relatively new, but was still projected to invoice anywhere from $50,000 to $100,000 monthly. The problem? Their clients paid them in 30 and 60-day increments. This is a common issue for startups because they take on new projects and clients to continue growing, but don’t have the cash flow balance they need. 

The solution: 

Factor Finders was able to match the commercial properties company with a factor that fit their needs that same day. Less than three weeks later, the business was fully funded. Typically, transportation deals move through the factoring process quickly, but other industries can take more time to get paperwork settled and the initial funding to happen, but the factors we partner with work to get deals funded. 

Instead of getting paid every month or two months by their customers, they would get paid every two weeks thanks to invoice factoring. This helped them not only run a new business more smoothly, but also allowed them to plan for the growth they expect their company to achieve. 

April 2018

The problem: 

Factor Finders receives calls daily from smaller businesses looking for the capital they need to grow. The money they get from factoring their invoices is regularly used to complete projects and secure recurring business from new customers. 

One facility maintenance company in Mississippi contacted Factor Finders in March looking for a way to get the supplies they needed to do more work while waiting for their previous customer to pay them, which wouldn’t be for 90 days. They estimated they’d need to invoice around $20,000 per month. 

The solution: 

Factor Finders has experience pairing many types of maintenance businesses with factoring companies that can get them the working capital they need within a short time. We paired this particular facility maintenance company with a factor that was able to fund them within three days. This maintenance company received the money 30 times faster by using factoring. Thanks to our services, the facility maintenance business was able to take on work they wouldn’t have been able to do otherwise and continue growing. 

March 2018

The problem: 

Factor Finders receives calls every day from companies who need funding quickly, sometimes as fast as that very same day. Businesses in the transportation industry, including freight brokers and autohaulers, are typically the types of companies we work with in these fast funding situations. 

One morning this month, the owner of a trucking company located in Missouri called Factor Finders looking for a quick solution to a fluctuating cash flow problem. They had a hard time getting in contact with a factoring company that they thought was a good fit for them and were eager to see what Factor Finders could do to help, if anything, within a couple of days. 

The solution: 

Luckily, Factor Finders has relationships with many reliable factoring companies across industries, and the U.S. We were able to live transfer the phone call from the trucking company owner to one of our funders after carefully listening to what they want and assessing what they needed. That afternoon, the funder approved an application and sent closing documents. The next day, the owner of the company sent her invoices to the funder, and she was advanced almost $10,000 that same day. Funding within 24 hours is possible with Factor Finders. 

February 2018

The problem: 

Every business has to start somewhere, which is often the hardest part for business owners. Not knowing if you’ll have the funds to even operate is a concern for startups. Recently, a startup company reached out to Factor Finders for direction and help. 

This safety consultant staffing company, located in Texas, was on the verge of signing some of their first contracts. This business owner was ready to go, but didn’t want to commit if he wasn’t able to make payroll. 

The solution: 

Factor Finders works quickly to get startups matched with the best funder for their needs and industry, because time is money for new business owners. After overcoming obstacles, a major one being Hurricane Harvey, this startup was able to sign two orders and get their funds quickly to continue growing. 

January 2018

The problem: 

Not every business model is a fit for invoice factoring. Some companies are better off with a credit line where they take draws whenever needed. Although we specialize in getting prospects to the right factoring company to fit their needs, we also have line of credit partners. A home healthcare facility in Florida contacted Factor Finders in need of fast funding. They recently got set up with a new provider that delays payments up to 90 days and needed to make payroll. The quickest and most cost effective option for them was the line of credit, which features an approval decision in 24-hours. 

The solution: 

Once the prospect determined that a short term solution was all that they needed, we made a quick introduction to our LOC partner. They were able to walk the prospect through the requirements and sign up process. Once the prospect submitted all of the needed documents, they were notified of their approval and granted a $75,000 twelve-month credit line. All the prospect needed to do afterward was sign into their online account and begin drawing! Lines of credit are great programs for small businesses that have poor debtors, don’t invoice, or need next day funds. 

November 2017

The problem: 

In the wake of the natural disasters affecting the south, we have received many calls from trucking companies taking on debris clean up jobs. An owner-operator in Texas called us looking to switch from her current factoring company. She had just signed up to receive loads from the Federal Emergency Management Agency (FEMA), but her current factor was not comfortable providing funding for these type of invoices. Some factoring companies stray away from government debtors, as they can be slow-paying. The prospect was looking for a new company to take on her account as quickly as possible, as she had over $15,000 in outstanding invoices. 

The solution: 

Luckily for the prospect, we have many funders in our portfolio that have worked diligently with FEMA and disaster relief projects. After reviewing the needs of her business, we got her in contact with an account manager that could handle the task. The prospect was quickly approved, and the next step was to file for termination with her current factor. After some push back on waiving their 30-day notice policy, the current factor allowed the prospect to be released. The new funder processed a buyout, and was able to get everything moved over to factor the prospect’s FEMA loads in just a few short weeks. 

August 2017

The problem: 

A call we get often at Factor Finders is from businesses that are currently factoring, but are unhappy with their rates. A vitamin packaging company in Utah contacted us in need of a competitive quote. However, there was a problem. The prospect’s only client doesn’t pay for 70-75 days. With $40,000 a month in receivables, the extended pay period made it difficult for their small factoring company to keep rates low. 

The solution: 

As a team, we put our heads together to find the right factor for the packaging company.  We needed to find a factor that was flexible enough to take on the lengthy pay period, while keeping rates at a price the prospect could afford. We introduced the prospect to a larger west coast funder that was able to fulfill both needs. In addition, the factor provided a smooth transition and got their first set of invoices funded in under a week. 

A message from the prospect to Factor Finders: “The factor was a great referral and we have decided to transfer all of our business to them. Thanks for your role in making this happen. We are very excited about moving forward with this team.” 

July 2017

The problem 

As many business owners know, it only takes one slow payment to pull a company out of its comfort zone. A pallet brokerage located in Illinois reached out to us looking for a factoring company to help with a slow paying customer. The customer is invoiced $10,000 every week, and pays sporadically. The busy prospect wanted this issue taken care of quickly, as they were growing at a rapid pace. They did not want to pause building their pallet manufacturing network, nor did they have the time to research and compare quotes from different factoring companies. The uncertainty of payment times encouraged the prospect to give us a call. 

The solution: 

Understanding that this was a time sensitive matter, we immediately live transferred the prospect to one of our long-time and flexible funding partners on the east coast. Our partner was able to get him qualified, approved, and funded in a few weeks’ time. Thanks to the introduction made by Factor Finders, the pallet brokerage continues to grow its network and keep a mutually beneficial relationship with their slow-paying customer. 

June 2017

The problem 

It’s fairly common for business owners to call Factor Finders looking for a factoring program with no minimum volume requirements. Plenty of companies want to factor invoices on an as-needed basis without facing a penalty for not factoring a certain dollar amount. 

Recently, this type of call came from one of our valued funding partners. The funder contacted us to refer a new prospect, a long-time client who no longer fit his portfolio because of the erratic funding schedule the client required. The prospect, a West Virginia-based drilling company, provided drilling services to energy companies. This prospect didn’t want to factor for every customer and only factored on a selective basis. Some months he had no need for factoring. However, when he did factor, it involved invoices with widely varying amounts. Sometimes he chose to factor an invoice for $10,000, other times for $90,000. There was little consistency and the factor never quite knew what to expect. In addition, the prospect had an active merchant cash advance as well as an IRS payment plan. 

Since the prospect required factoring for multiple invoices, an ongoing relationship with a funder was necessary. Although the prospect and the current funder maintained a positive relationship, it wasn’t an optimal match for either party. It was too much of a square peg to their round hole. Simply put, the prospect needed a factoring company that was flexible and comfortable with the unpredictable nature of his business. 

The solution 

Factor Finders got down to business. We introduced the prospect to a factor that was willing to take on the unpredictable nature of the funding requirements and was also familiar with the oil and gas industry. The new factor happened to be acquaintances with the previous factor, which made the whole transition run very quickly. With the help of Factor Finders’ diverse industry knowledge and funder relationships, the drilling company never skipped a beat. 

May 2017

The problem 

The owner of a healthcare staffing agency in Miami, Florida reached out to Factor Finders for help funding $125,000 in weekly invoices. The invoices belonged to a single customer that paid on 90+ day terms. The prospect was working with another factoring company, but his current factor was unable to extend the necessary payment terms to accommodate this customer.  The inability to factor for their primary customer made it difficult to cover their payroll and tax obligations. With the prospect’s current factoring contract coming to a close, a new factoring company could easily begin a buyout of the existing agreement. 

It was necessary for this prospect to partner with a factoring company that was comfortable working with a single customer that generated a large volume of weekly invoices. In addition, a familiarity with the healthcare industry and lengthy payment terms was essential for a successful factoring relationship. 

The solution 

After learning more about the staffing agency’s goals, Factor Finders matched this prospect with a factor that could handle the large volume and was comfortable with the in-depth underwriting process necessary to approve the customer. The factoring company met with the prospect face-to-face to ensure a mutually beneficial partnership. They worked quickly to identify the right cash flow solution for his business and facilitate the buyout process to avoid incurring additional fees from the buyout of the previous agreement. 

Thanks to Factor Finders’ help,  the staffing firm was up and funding in no time. The new partnership has been a success. The prospect’s agency is able to pay employees and cover other expenses with ease. 

April 2017

The Problem 

A Honolulu, Hawaii healthcare staffing agency reached out to Factor Finders to help them solve some challenging cash flow complications. The client was experiencing incredible growth due to becoming the preferred staffing provider for a major healthcare system. In addition to billing $40,000 a month, the client was also working towards their Medicaid accreditation. While experiencing rapid growth, the client was unable to keep up with 60-day customer payment periods. 

Clients in Hawaii can be challenging because of their unique time zone. While it’s not required for clients to be in the same time zone as their funding source, it makes communication that much easier. This particular client was turned away from six different funders because of their inability to communicate with the factoring companies on a daily basis. 

The Solution 

After learning about the problems and opportunities this business owner was facing, Factor Finders was able to match him with a funder who fit his needs. The factor was not only comfortable working with a Hawaiian client, but also had extensive knowledge about funding small healthcare staffing agencies. The client was able to receive financing to pay his employees and meet other expense deadlines while expanding his business. Despite having a six hour time difference, Factor Finders found the business owner a west coast funder that was creative enough to get the client exactly what he needed. 

March 2017

The Problem 

Many business owners struggle with gaps in cash flow between finishing a job and receiving payment.  Recently, the owner of an electrical maintenance company contacted Factor Finders for help securing additional funding to alleviate the cash flow challenges caused by slow-paying customers. Her Baltimore, MD-based business was undergoing a growth spurt and seeking capital to keep pace with rapid expansion.  She was billing property management companies around $25,000 per month. Her clients paid on 60-day payment terms, which is typical for this industry.  She was hoping to free up additional capital to take on more projects and open up new locations. 

Property management companies can be difficult customers to approve for factoring. They typically pay on long payment terms, sometimes 60 or more days. The invoices are often for smaller dollar amounts. Also, client notification can be problematic. Not all property management are willing to work with factoring companies. 

The Solution 

After learning about the prospect’s business, Factor Finders put our expertise to work.  We instantly introduced her to a factoring company that was comfortable working with property management firms. The factor worked quickly to get her business approved for factoring. In no time at all, the business began factoring invoices. With a steady source of working capital, the company is already on its way to opening a new location.  Plans are underway to open even more locations in the near future. 

Thanks to extensive experience with complex deals, Factor Finders had the ability to instantly locate the optimal funder to meet our prospect’s unique business needs. Factor Finders is committed to helping business owners alleviate their financial challenges so they can return to what’s important – running a successful business. 

February 2017

The Problem 

A staffing agency recently contacted Factor Finders with some tough challenges. They only billed one client, which happened to be the state of Pennsylvania for $40,000 per week. They had a $150,000 line of credit with their current lender that they depended on weekly to make payroll. The prospect soon became aware that their lender was going out of business and as a result, their line of credit had been frozen. The staffing agency had less than a month to find a new funder and get set up with their process. 

The prospect knew they’d need cash for their next payroll and was in search of someone who could provide them quick funding and an easy transition. Fearing that they wouldn’t be able to make payroll, the prospect reached out to Factor Finders to help find a new funding solution as quickly as possible. 

The Solution 

We went through our large list of qualified funders to see who would be comfortable funding 100% debtor concentration, as well as working through a buyout in such a short amount of time. We were able to match this prospect with a factoring company who had widespread knowledge on how to deal with this type of situation. The factor contacted the prospects’ current lender and worked directly with them to guarantee a smooth and hassle free buy out process for the prospect, in their short time frame. 

Our extensive industry knowledge helped us successfully pair the prospect with the right factoring company to fit their needs. Factor Finders helped to get the deal funded quickly to ensure the prospect had enough working capital to effectively run their business.