What questions should I ask a client to determine if the client is a candidate for Factoring?
Eric Standlee
?? Alternative Funding Expert | Structuring Innovative Solutions for Growth Companies (35 years' experience)
What questions should I ask a client to determine if the client is a candidate for Factoring?
That is easy.
You know your client.
Is the client looking for capital?
Ask these questions:
If the answer is yes and especially if the client smiled and answered yes, the client just might be a candidate for factoring. At least give it some thought.
?? Alternative Funding Expert | Structuring Innovative Solutions for Growth Companies (35 years' experience)
2 年Imagine a startup fabrication shop doing such a good job on an aerospace prototyping project they will get a huge order they cannot afford without working capital but they are less than a year old and don't qualify for bank lines yet.
?? Alternative Funding Expert | Structuring Innovative Solutions for Growth Companies (35 years' experience)
2 年Imagine a very successful billionaire oilfield services company owner needing working capital to keep taking on new work but not wanting to have to pay penalties to move money in long-term investments.
?? Alternative Funding Expert | Structuring Innovative Solutions for Growth Companies (35 years' experience)
2 年Imagine four partners in a 20 year old chemical company having to buy out the estate of one of the partners.
?? Alternative Funding Expert | Structuring Innovative Solutions for Growth Companies (35 years' experience)
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?? Alternative Funding Expert | Structuring Innovative Solutions for Growth Companies (35 years' experience)
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