Why Use a Broker for an Invoice Factoring Transaction?

When a company has not been able to achieve the financing it needs from a bank, alternative methods like accounts receivable factoring are available. Should you just type in "factoring" in the Google search box and call the first few companies that show up on the list? Just because a factoring company has achieved a high organic ranking on Google doesn't necessarily mean that they will be a good fit for your firm.

By utilizing the services of a competent business finance broker, you can be steered in the right direction. Competition among factoring companies is fierce. Many have specialized niches. One may be more adept at working with trucking companies while another may be more suited for manufacturing. A broker who knows the factoring industry will know which company is most likely to serve your needs. Using a broker will not cost you any more money, as commissions are paid by the factor. On the contrary, you will actually save money and time.

Kent Harlan, CPA
Ozarks Capital Funding, LLC
www.ocflink.com
(417) 849-7394