I am looking for a good factoring company. My customers NEVER pay in 30 days and it's getting to be a pain in the ass. I want to maintain good credit with my carriers. Any referrals? Thanks in advance.
HI Ken,I don't understand why these companies will not pay their bills on time. ................
If everyone took a stand and said to customers that this practice will not be tolerated by any trucking company then it would come to a stop. Unfortunately these people can't see the big picture and the ultimate goal and will put up with the customers crap just to keep they're customers. At what point does it get so bad that you finally say to the customer "Your business is not worth the aggravation!"
I recently started a factoring business in Montreal (Liquid Capital Finnovation: finn.liquidcapitalcorp.com). I'd love to chat with anyone in need of such services. As I am just getting started, I will do my very best to provide the best possible service at competitive rates.I have had good experiences with IPS in Mississauga.
Great questions.I see that you have posted elsewhere as well.
I have a few questions for you, that I am sure are bouncing around in the minds of other members as well.
Feel free to answer them or not, if you feel some questions are too invasive.
Why target the trucking industry?
Since you mention that you are starting up, why should we approach you as opposed to others with years of experience?
What differentiates a good factor from another?
Why is factoring still viewed as a measure of last resort?
What will the bank say when they find out that factoring is being carried out?
Any input will probably help others that are as financially challenged as I.