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Buying/Selling Factoring Portfolios / Company Acquisitions
FactorHelp offers Factoring Intermediary services to the factoring industry for both the Buy and Sell sides of a Factoring Portfolio or Company Acquisition. FactorHelp can reduce the time and effort of purchasing or divesting of a Factoring Business, Portfolio or Participation. And, we can help find the capital to finance the transaction, if needed. We not only locate opportunities, but we also have the expertise to assist the parties in smooth and expedient negotiations, even for 'out of the box' or 'distressed' situations. Call us today to discuss your needs.
Confidential And Private - FactorHelp appreciates the need for complete Confidentiality when dealing with transactions of this nature. Information only gets communicated upon your approval. Further, our experience allows us to provide potential Buyers with just enough important, but generic, information to quickly ascertain those that are serious from those that are 'just shopping'.
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Traditional Lines Of Credit
Locating Lines of Credit is one of the most difficult challenges facing Factors today. The story banks are telling our clients, “Why should I lend money to companies that are lending money to customers who I will not lend money”. Banks and 1st Tier Lenders get into and out of the business of providing working capital to other lenders and Factors. When your factoring financing source exits, your business gets disrupted at no fault of your own. That is why it is important to find the "right" lender.
For over 20 years we have experienced which institutions are committed to financing this niche and which ones are just 'testing the waters'. FactorHelp can help you located those lines of credit and placed with a lender that truly understands Factoring and is committed to the business for the long haul.
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ReFactoring and ReDiscount Lines of Credit (LOCs)
FactorHelp has relationships with large Factors that can provide ReFactoring and ReDiscount Lines of Credit (LOCs). In these programs, the ReDiscounter allows access to their menu of services as well as to funding. The small Factor essentially becomes a consolidator of small deals for the factoring ReDiscounter, which would not deal directly with these Clients due to either their size, financial condition or both.
These programs can be on a Recourse or Non_Recourse basis, thereby protecting both the ultimate Client and the small Factor from credit losses.
Factoring Rediscount Lines are more expensive than traditional Lines of Credit from 1st Tier Lenders or Banks. However, they allow access to the ReDiscounter's service capabilities and are easier to qualify for since the lender is actually Refactoring (hence the term).
Factoring rediscount lines of credit can also be structured as Credit Guarantees only (when no financing is required). These are most prevalent in the Garment, Textile, Furniture and Retail Industries.
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Factoring Participations
FactorHelp has an extensive network for factoring participation/funding providers to the Factoring Industry.
If you are a Factor in need of financing or wanting to Sell a Participation in a particular deal to mitigate the risk, lower concentration or to meet legal lending limits
OR
If you are a capital provider to the Factoring Industry or a firm looking to Buy into a Participation to put your excess capital to work
Call today and let us find you the right partner for your situation.
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Expert Testimony
FactorHelp can provide factoring experts with real world experience who are knowledgeable in every factoring discipline. Recognized as the factoring experts, we provide in-depth analysis, insight, guidance, opinions and reports that will assist in solving and resolving litigation matters effectively and efficiently. Our factoring experts are frequent speakers, teachers and consultants and have prior expert witness experience.
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Credit Reviews
FactorHelp can provide your factoring company with detailed credit reviews on your prospective clients. Each Credit Review can be performed on two levels of detail and both have the option of adding a wide array of search serviced added to give you the confidence in your prospect approvals. Credit Reviews start at $180.00 and bulk discounts are available.
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Portfolio Reviews
Periodic reviews of your portfolio are essential to identifying problems and ensuring that your portfolio is performing to internal specifications and projections. FactorHelp's Portfolio Review product will look at your portfolio data on a periodic basis and provide analysis of key industry metrics, present historical comparisons, suggest key areas of exposure, and compare statistics to your projections and planning. Reviews start at $500.00.
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Operations Reviews
A strong and efficient operations department is essential to any factoring company's success and growth. FactorHelp's Operations Reviews will work with your company to provide the foundations of a strong operations function including setting up clients, debtors, purchasing receivables, payment applications, reserve disbursements, and general monitoring, all in symphony with your industry software. Reviews are priced by the hour and can vary based upon the size, scope and need of your company. Contact us today for more information.
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Underwriting Reviews
FactorHelp can work with your company to develop an efficient and attentive credit department through developing an understanding of the factoring underwriting process, sharing industry best practices, identify and optimize your use of various risk analytics services, and properly review each transaction to ensure adherence to internal policy.
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Credit Policy Formation
Managing Credit Risk is often overlooked as a key component to the successful and responsible growth of a factoring company. FactorHelp can work with your organization to produce a document which identifies your risk tolerance levels, defines credit culture within your company, and provides for defined roles in managing your everyday credit risk. We can work with you to establish key thresholds, industries, documentation requirements, approval levels, and monitoring objectives which will assist your organization's consitent and defined growth.
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Sales & Marketing Training/Marketing Manager Training
The focus of your salesforce can be essential to your deal pipeline, deals funded, and the success of your company. FactorHelp can work with you to train your sales team to access the key referral sources for factoring transactions, marketing techniques, and the management of a factoring salesforce.
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Planning & Budgeting Training
FactorHelp's Planning & Budgeting Training can assist your organization by pairing you with an experienced industry player to properly define your factoring company. Our consultants are experienced in the requirements of starting a factoring company and the resources needed at each stage of your company's growth. We will assist you with headcount requirements, selecting software and service vendors, and the mechanics of working with deal pipelines to ensure your budgets are accurate.
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