Checking Your Company's Background

I was approached by a potential factoring client a few years ago that seemed motivated to grow his business. He owned a commercial printing company that was growing rapidly. The bank he used wasn't helpful in providing the additional working capital he desperately needed.

The company was close to where I live, so I met the owner in person. After getting some basic information, I started asking some pointed questions about the business and asked if he had a recent financial statement. His demeanor changed on the spot, as he became defensive and uncooperative.

I wasn't giving him the "third degree". I was merely trying to establish if his company would be a good fit for the factoring company I represent. I like to do this up front before a lot of time is invested in processing the application.

It's important for there to be a level of trust on both sides. We're there to provide a valuable service for our clients. It's important for us to find out relevant information on the front end to make sure we can provide an excellent level of service.
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Kent Harlan, CPA
Ozarks Capital Funding, LLC
www.ocflink.com
417.849.7394
kenth@ocflink.com