Financing across different industries; Your business qualifies for immediate cash, see why!

At Factor Bid – we match business owners with finance companies that specialize in their industry. Not all finance companies are the same, and finding even one that specialize in your industry can be extremely frustrating and time consuming.

By getting competitive offers from the top finance companies that match your industry, your business has the opportunity to receive the best deal and get the most money upfront when seeking working business capital.

Factorbid’s financial database of lenders offers funding options suitable for a wide array of companies across many industries. Regardless of the industry your in, firms all have one thing in common, they require working capital to survive and almost always need access to funds immediately.


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Accounts Receivable Financing

Business Line of Credit

Doctor Loans

Working Capital Gross Sales Loans

Equipment Leasing and Financing

Franchise Financing

Merchant Cash Advance

Purchasing Order Financing

Small Business Loans

Traditional lending institutions, such as banks, are not the best source for businesses seeking loans under $1,000,000.00 dollars. Banks need to make a greater profit margin on the monies they lend, and the larger the loan the greater the profits. Banks also have tighter guidelines and longer approval times than alternative lenders.

Over half of small businesses that apply for loans are turned down by traditional lending channels like banks, either for lack of business history, high net revenue returns and/or creditworthiness. Once business owners discover there is a faster and easier way (called factoring) to acquire access to business cash flow, they jump at the opportunity to grow their business.

Business Financing Programs Increase Cash Flow To Cover Payroll, Grow Your Business Faster and Afford Day-To-Day Expenditures.

Accounts Receivable Financing – is the use of receivables as collateral to generate immediate capital. Also called Invoice Factoring, purchases a businesses accounts receivable invoices for cash and usually includes some type of credit management service and bookkeeping service too.

Small Business Loans – Get access to a variety of loan options including unsecured small business loans, not traditionally offered by banks. Loan approval is not based on profit/loss, past credit history or open tax liens.

Business Line of Credit – Unlike traditional lenders, our finance companies offer limited paperwork, and the loan criteria is much different that that of a bank. Loan approval is not based on personal credit histories and the approval process is fast and businesses only pay for what they use.

Equipment Leasing and Financing – Flexible repayment terms, typically 1- 5 years to repay and no vendor choice restrictions.

Purchase Order Financing – PO financing will enable your company to obtain cash that is advanced against impending purchase orders. This lending model helps business owners that need fast access to working capital to fulfill purchase orders.

Franchise Financing – If you need assistance in a business financing program for franchisees looking to expand or upgrade their existing franchises, then contact us for assistance in getting a few competitive offers.

Doctor Loans – Access specialized funding for medical practitioners like dentists, pharmaceutical professionals, veterinarians, chiropractors, optometrists, home health care professionals, primary care physicians, specialists and more.  Looking to purchase new equipment/technologies, expand or simply increase cash on hand to circumvent slow-pay insurance payouts, then contact us today to get the best deal from competing finance companies.


Get a few competitive offers to get the best business financing deal

A few competitive offers means a lot for your business. Financing is competitive, if you know where to look.

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How do competitive offers help?

  1. Leverage – You get to listen to what each finance company has to offer to find out what your business options are. Use the information provided by different finance companies to negotiate the best rate, terms and most money for your accounts receivable invoices.
  2. Knowledge – Each finance company is different. The amount of money you can access within 24 hours depends on several different business variables. Most factors – one on one will not take the time to explain what all these key variables are, so getting a few offers from different finance companies teaches you a little more each time. When you know the variables in the funding equation, you can negotiate a good deal for your business financing.
  3. Best deal – When finance companies know they’re competing against each other, you’re going to get their best deal today! For example, when you’re using to get a few competitive offers from the top companies, they know they have to be competitive, helpful and transparent or they won’t have a chance to win your business.

The goal is to provide a place ( where business owners like yourself can get a fair opportunity and a good deal when financing. If you’re trying to call, email or contact every finance company out there, it’s going to be a daunting and tedious task of sharing your business information over and over, answering the same questions hundreds of times and worst of all not knowing the finance companies you’re even talking to are dependable, secure and good businesses.

With factor bid, your experience is fast, easy and secure. We’ve done all the heavy lifting already. Once you submit your invoice or fill out your custom application form; you’re going to get a few offers from the top factor finance companies that are the best and specialize in your industry specifically. They know they’re competing for your business, so they’re offers have to be straight forward with the best funding available today or they won’t have a chance in winning your business.

If you want the most money and best deal when financing your accounts receivable invoices for immediate cash, then click the link at the top of the blog and visit our home page. From their you can click the “Let’s Get Started” button. Within the hour, you’ll have competitive offers to buy your invoices for fast cash.

On the Go! Grab the one and only factor financing app FACTOR APP

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Two ways to factor your open invoices; recourse and non-recourse.

Two ways to Factor Finance your outstanding accounts receivable invoices for cash! Get an injection of cash for your business that trapped in your accounts receivables. Funding in as little as 24 hours!

*Recourse Factoring Agreement

*Non-Recourse Factoring Agreement

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Ask questions about your factoring agreement!

Factoring benefits your business by providing immediate cash flow on your accounts receivable invoices. You’ll have the cash on hand to grow your business, cover daily expenses and even invest in additional supplies, employees and opportunities that present themselves.

Factors also add their assistance with back office bookkeeping help. Factor finance companies collect payments on your outstanding receivables from your customers. Having more cash on hand plus a factor that handles collections provides you the time and money to do what you do best, work hard for your business!

Let’s discuss your two types of factoring; recourse and non-recourse factor financing.

Non-Recourse Factoring


Non-recourse factoring is appealing from a risk management perspective. It lowers your company liability.

With non-recourse agreements, the factor accepts more of the risk of non-payment by your customers that don’t pay.


Non-recourse factoring is usually more expensive than recourse factoring. Non-recourse factoring is also limited to debtors (your customers) invoices that are most likely to pay. If a debtor has poor payment history and credit rating, a factor will usually not assume the risk of non-recourse factoring.

Non-recourse factoring doesn’t always protect your company from all risk involved from non-payment by a debtor. Some factor finance companies only offer non-recourse in the event your debtor declares bankruptcy. But if a debtor decides to simply close their doors and disappear  one day without paying, the factoring client will have to buy back that invoice from the factor finance company.

Recourse Factoring

Recourse factoring is the default for most factoring agreement today. Recourse is an understanding between you and your factor finance company, that you must buy back receivables that the factor is not able to collect on.


Recourse factoring is typically less expensive. Less risk for the factor finance company means a lower rate for your business when selling your invoices for immediate cash.


As the client, you’ll have to cover the cost of any invoices (bad debt) of your customer that decided not to pay.

Whichever type of factoring you decide to obtain through your factor finance company, make sure you’re getting a few offers from different factors so you get the best deal. Every factor is different and every business has different types of customers. You may work with big companies that have long business standing in the community and are seen as low risk, which means your rate and terms may be different from a business working with a newer more high risk company with less long-standing business history to examine.

By visiting – you’ll get a few offers from competing factors that specialize in your specific industry. When factors know they’re competing for your business at the exact same time, you’ll get their very best deal!

Start your factoring experience the easy way, by using factor bid, where we match you with the top factor finance companies that are eager to earn your business and provide you with competitive offers to prove it! 

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Alternative financing, such as invoice financing on the rise as the economic downturn forces banks to tighten their lending options.

Alternative financing, such as invoice financing on the rise as the economic downturn forces banks to tighten the standard lending reigns.

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Business owners are looking for a more cost-effective substitute to merchant cash advance lines, which are coming under increased scrutiny from regulatory authorities within the U.S. and abroad.

Visit Factor bid to get a few offers to buy your Accounts Receivable Invoices from the top factor finance companies.

Top 5 reasons to think about invoice financing:

  1. Access to cash is fast. The speed and simplicity in which you can increase your business cash flow is unmatched by traditional lending options.
  2. The advance rate is flexible – which means you can get a lot of your cash upfront that is trapped in your accounts receivable invoices.
  3. No long term contract, fixed discount rate for each invoice, no hidden fees can all be negotiated when selecting the right factor finance partner for your business capital needs.
  4. Use as you need service. Factors can fund all your invoiced customers or only specific accounts you agree to. Their position is flexible, which makes it easy for your business to start a partnership and start benefiting from a factors bookkeeping experience, knowledge and consistencies.
  5. When you decide to factor finance your receivables, you’re dealing with the decision makers all the way through the experience. Factors tell you what they can do, depending on several variables like; your clients credit, your annual revenue, the cost of money lending today, etc.

As traditional financial institutions begin to “pull back” from actively lending new money, it’s important for your business to prepare a safety net to ensure predictable cash flow. Insure your receivable money by partnering with a factor finance company so you get paid within 24-48 hours of invoicing customers. Don’t wait 30,45 or even 90 days. Lower your company’s liability today, by factoring your receivables.

To get access to working capital financing and credit-risk protection, go to and you’ll get a few competitive offers to buy your accounts receivable invoices, from the top factor finance companies in your industry. Get factor bid and get the power and knowledge you need to negotiate the best deal when factoring your outstanding invoices for immediate cash!


Do I need good credit to Factor Finance my accounts receivable invoices for immediate cash?

I hear from my friend that Factoring (cash for invoices) doesn’t use my credit score? 

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Factoring your open accounts receivable invoices can seem like a no brainer.  Who doesn’t want instant access to cash they have already worked for and earned?   For those of you who are a bit scared that you are going to walk into another situation where your credit rating is going to be scrutinized or that by factoring you are adding more debt to your books — HAVE NO FEAR!  On the contrary, if that is what’s holding you back REJOICE!  Let me introduce you to the wonderful world of factor financing.

Factoring does not impact your personal or business credit.  In fact, factoring does not require you to have any credit history at all.  Factoring has everything to do with the people and companies you do business with.  You see, when a factor finance company partners with you and purchases your open accounts receivable invoices, their terms are based on the creditworthiness of YOUR CUSTOMER. The Factor will also help you realize if businesses are high or low risk, good or bad for your business.

Here comes the “infomercial” pitch:  But WAIT there’s more!

That’s right!  If you factor within the next 24 hours, you can:

  • Spend less time in the office
  • Grow your business

How can factoring restore and/or increase your company’s credit rating?  Easily.  The key to having a great credit score is paying your bills on time and not carrying too much debt. As a business, we understand the challenges of waiting too long for customers to pay. You need cash to cover day-to-day business expenses, pay employees and more. Less cash on hand means an increase in late payments from your business which can become a day-to-day nightmare for your company and even personal credit score.  Once your late on a few bills and even worse behind on payments every week, it ends up costing you a lot more to bail yourself out.

Having a good credit rating is important for your business.  Yes, factoring your open accounts receivable invoices allows you to have access to unlimited cash flow (limited only by how much business you complete).  However, there might be a time when you need to borrow a larger sum of money as you grow and expand.  For example – In the case of a start-up, it’s usually the personal credit of the business owner themselves that is on the line when trying to get a traditional bank loan. But what if the personal credit of the business owner is just okay, and doesn’t meet the requirements of the local lending bank? You don’t get the loan, that’s what happens. So if you’re looking to get paid from assets you’re business already owns, like your accounts receivable invoices then give factoring a try, you’ll be glad you did and you’ll also be working toward establishing the creditworthiness of your business.

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At Factor Bid, we thought of the hard working business owner who needs to cover daily expenses and dreams of growing their company to the biggest and best.  Yes, we are awesome at what we do.  How awesome are we:

  • We personally know and work with quality factors within every industry
  • We take two minutes of your time instead of hours spent traditionally in researching factor finance companies
  • At Factor bid -factors compete for the opportunity to buy your open invoices, so you get the best possible deal when factoring your accounts receivable invoices. 

Don’t wait 30,45 or 90 days, submit your invoice at factor bid and get paid as soon as today for your outstanding invoices.

When factors know their competing for your business at the same time, they’re more likely to give you their very best offer right out of the gate in order to win your business, which means a better rate, better terms and more money in your pocket!

Factoring on the GO!

Download Factor App – the only factor financing app that gets you the most money for your A/R invoices.

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I don’t do bookkeeping, my factor finance partner does it for me!

Factoring Comes with Your Own Personal Bookkeeper

Do you know that factoring comes with your own personal bookkeeper!  If you didn’t, you should.  When you partner with a factor finance company to get paid within 24 hours for your outstanding accounts receivable invoices they handle those invoices for you.  They track, record, and file each invoice and even provide follow-up customer service to those clients of yours who have not paid on time. Imagine how much time it will save your business, having someone help you with all the back and forth of document approval, credit checking and even collections. You’re in business to make money, spend your time focusing on how to do more of it, instead of wasting time chasing work you’ve already completed.

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Partnering with a factor and all their back office of resources will cut your cost of paying an additional employee to do it. It’s like having your own personal bookkeeper ensuring payment on your open accounts receivable invoices.  However, this bookkeeper gets your business paid with CASH on delivery.

To add icing to that cake, Factor Bid sweetens the deal by being that thin layer of amazing that helps your business get the best deal when deciding which factor finance company best fits your business needs. Factor bid quickly matches your invoices with factor finance companies that are eager to earn your business and specialize in your industry; enabling you to get the most competitive pricing all at the same time, within a few minutes of each other.

Factor bid is simple to use:

Step 1: Visit

Step 2: Click on “Submit Invoice”

Step 3: Follow the steps and submit your invoice

Within the hour you’ll have competitive offers from the top factors to buy your invoices for immediate cash! You decide which factor is right for you. When factors know they’re competing for your business “at the exact same time” your more likely to get a better deal which means more money in your pocket!


TIME SAVER:  Now that factors have freed up at least 10 hours a week of your time by doing the heavy lifting of managing your accounts receivables, what are you going to do with it? You can pick up more new jobs and make more money.  You can prospect new clients instead of wasting your time calling slow/no paying ones.  You can be more present to your employees and office staff, brain storming new ways to increase your business with existing customers and with new customers. Even spend a little extra time doing things that make you feel good each day!

MONEY SAVER:  If you were considering hiring a bookkeeper to handle all your open accounts receivable invoices, hold the phone!  As we said before, your factor finance company is happy to lend a hand.  Factors are in the ‘paperwork’ business and are the best at what they do. Partner with a factor today and watch your business become more organized, grow faster and be more profitable than ever before.

Not sure which factor finance company is right for you?  Factor Bid thought of that, too. Simply visit one of our helpful blog posts at, “Helpful tips when choosing a factor finance partner that best fits your business needs.”  This article contains key terms and questions you need to know when deciding which factor is best for you!

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Is my business a good candidate for factor financing (invoice finance)

How do you know if your business is a good fit for factor financing?


  1. Submit an outstanding invoice
  2. Get competitive offers from factors to buy your invoices
  3. Get paid as soon as today for your open invoices

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YES YES YES!!!  You are a great candidate for factoring if:

  • Upon providing a product or service, your client has an extended amount of time to send you payment (30, 60, 90+ days).
  • You have slow or late pay clients.
  • You cannot carry the financial liability of a non-paying client.
  • You require money down for a product/service that will take an extended time to complete before final sameday payment.
  • You have multiple open accounts receivable invoices each month.
  • You have open accounts receivable invoices and need to unlock that cash NOW.
  • Your office is waterlogged by all the time involved in administering/collecting your open accounts receivable invoices.
  • You have no recourse in place for non-paying customers. (like collections assistance, lawyers on retainer and/or a ton of free time with nothing better to do)
  • You have open accounts receivable invoices, but your credit is less than perfect.

MAYBE LATER?  Factoring might not meet your needs if:

  • You have a billion dollars in cash just sitting on your office floor begging to be used.
  • You do not have any open accounts receivable invoices at this time, but hope some new customers call today.  Bookmark Factor Bid on your Internet for when they do!
  • You get paid COD (cash on delivery) for your product/service.

Once you begin to factor, you will find you can:

  • Cover day-to-day business expenses
  • Cover payroll
  • Cover emergency expenses
  • Hire more employees to help your business grow faster
  • Purchase additional supplies and equipment (in bulk, at a discount)
  • Secure new customers
  • Grow your company
  • Lessen your liability

As you can see, factoring is the fastest and easiest way to unlock cash that’s trapped within your accounts receivable invoices. Stop financing your customers, while their businesses grow faster and you’re stuck holding the bill, literally!  Simply go to our website to upload your invoice.  Within a few minutes, you’ll get competing offers from factor finance companies eager to earn your business and buy your receivables for immediate cash. 

On the run – Grab Factor app for your smartphone from the apple app store or google play store!

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Factoring rates explained – Why 3% for 30 days doesn’t equate to 36% APR Interest

Factoring Rates Explained

Why 3% for 30 days doesn’t equate to 36% APR Interest. The belief that Accounts Receivable Factoring is too expensive, typically is based on the lack of understanding of what the actual factoring rates represent.

Factor Finance Companies (Factors) do not loan money at a rate of interest. They supply your growing business with working capital (and when you do well they do well). They do this by purchasing your invoice ‘receivable assets’ at a discount of the face value amount of the invoice. For this, factoring ‘rates’ represent a percentage discount in the sales transaction, not the traditional ‘bank style’ interest rate on a loan.

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Let’s take a look at an example;

If you have a $10,000 dollar invoice that is due to be paid by your customer 30 days from now, a factor may offer to buy the invoice for $9,700 dollars in cash, which is called the advance (and can be wired or ACH into your bank account within 24-48 hours) with the remaining balance being paid to you (less the factors fee) when the invoice is actually paid in full by your customer (called the debtor). Based on the scenario above, you would have agreed to discount your invoice by $300 dollars, or 3% of the face value.

The advance rate depends on what you have negotiated with the factor and some other key variables like the credit worthiness of your client,their payment history and the amount of the invoice. Usually the factor finance company will advance 80-90 percent of the face value of the invoice.

If a factor company tells you they will buy your invoice at a rate of 3%, that rate is not the interest rate on the loan, instead it’s the percentage discount the factor requires to get your business immediate cash today, for invoices they won’t collect on for 30 days.

Invoice financing is a strategic way to grow your business faster and will help cover payroll from additional employees, supplies, day-to-day expenses, investments and strategic overall business growth.

On average factoring discount rates range from .6% 1.4% for every 10 days an invoice remains outstanding from its original agreed upon due/payment date.

Factoring discount rates are transactional rates, where the amount of the discount is the factor finance company’s fee for the sales transaction – not that much different than the fees Credit Card companies charge merchants to advance them cash on their credit card sales.

A common misunderstanding about the costs associated with factoring arrises when financial professionals and business owners try to company interest rates to transactional rates. These two rates, as we’ve described are very different.


If you business sells $100,000 thousand dollars worth of invoices to a factor, and the factoring fee is $3000 dollars on invoices that are paid in 30 days; the tendency is to take the 3% fee – multiply it by 12 months and assume the factor is earning a whopping 36% return! That conclusion, however is false. The factor doesn’t collect $3,000 or 3% every month. The factor collects a 3% fee once, as the result of a single sales transaction. Same scenario if you were to discount your own service / product to your customer at a 3% discount.

Another way of looking at it – if you give your best customers a 3% price discount every month over the next year, does that mean you’ll have discounted your product or service by 36% by the end of the year? Of course not! If your profit margin on your product or services is 10% every month, your annual profit margin is still 10% annually.., not 120%!

Ask yourself – how much more money could your company make if you could recover your working capital immediately. On $100,000 dollars in “outstanding invoices” if your company could get $80,000 – $85,000 dollars within 24-48 hours, how much faster could your company grow.

In the examples above if your company’s net profit margin is greater than 3%. Any additional business you generate by accelerating your receivables provides your business with additional profits. You know the saying, we all know the saying – “it takes money to make money!” So if your business is generating invoices, that means you’re running a good business, it’s time to “Cash In” on your hard work so you have predictable cash flow every month to pay for additional employees to help you run grow your business, additional day-to-day expenses, supplies, investments, equipment and more.

Now that we know factoring can help your business grow at a much faster pace and become more profitable in less time, what’s the right factor finance company for your business type? Good question. Smart business owners use to find the best factor in their industry and get the best rate when factoring.

Factor bid matches your business with the top factor finance companies that compete to buy your invoices for immediate cash. Before you decide which factor finance company to partner with, make sure and get the leverage you need to negotiate the best offer.  Factor bid gets you a few competitive offers to buy your accounts receivable invoices, so you get the best deal and most money when factoring your outstanding receivables.


We’re a new business and needed cash flow to fund new opportunities. Can we afford to grow.., Can we afford not to grow!

Visit to get immediate cash for your open accounts receivable invoices!

factor finance,construction factoring,invoice finance,accounts receivable finance,factor bid,factor app,receivables finance,finance,asset based lendingAre you like us; have you ever been in the situation where your business needs money to cover day to day expenses, pay employees, buy supplies and/or compete for new business contracts?

In 1998, Ron and I decided to start our own business, R & J Construction.  We borrowed money from the bank to build our office and purchase supplies and equipment.  Although I would like to say our business was thriving, healthy, and self sustaining overnight, that was far from the truth.  We had smaller clients here and there, but not enough consistent workflow to allow Ron to quit his full-time job.  With the additional business expenses stacking on top of our personal ones, we spent our days living paycheck to paycheck and working 80 hours a week just to meet our minimum bills.

At the time, our kids were not old enough to be in school.  While I was at home with the children, I began to make phone calls in order to reach new customers.  When Ron came home from work, he visited client sites and worked on proposals and took jobs that could be completed on the weekends or through subcontractors.

Within a year, Ron was able to quit his 9 to 5 job and devote all his time and energy into making R & J Construction a success.  One of the challenges we faced was growth that we could not financially handle.  Our business was too young to have any real established credit, but old enough to begin handling some pretty big money projects.  Two big questions had to be answered:

  • Can we afford to grow?
  • Can we afford not to?

Obviously growth was in our best interest, we just weren’t getting our best “interest” from the bank!  We had tons of jobs but only received 20% down, enough to cover some of the material costs involved but definitely not the labor or other necessary business expenses. With quite a few outstanding accounts receivable invoices piling up each month, we had plenty of trips to make but no gas to get there.

Around this time, I had an acquaintance tell me that all those invoices we were waiting to receive payment for could be leveraged for immediate cash.  This was not a loan.  This was good news to us as we had already tapped out our bank.  I began doing some research and discovered that the factor finance companies were less interested in our credit, and more interested in the credit and financial stability of businesses who owed us money.

I spent a considerable amount of time doing my homework, asking the right questions, and finding a factor that was a good match for what we needed.  However, once I partnered with them, I significantly decreased the amount of time spent on processing all those accounts receivable invoices and calling late paying customers.

With Factor Bid, I can now get a few competitive offers from factors who specifically finance invoices within my industry.  It’s fast, easy, and provides the information and leverage necessary to make a quality decision and get the best deal when factor financing our accounts receivable invoices.

Not all factors are alike. Some only factor in niche industries and not all of them deal with smaller businesses like ours. Factor bid is great. All you have to do is submit an invoice using your Smartphone or computer and within minutes you’ll get competitive offers from factors that are eager to buy your accounts receivable invoices for immediate cash!

We love it! Try -you’ll be glad you did!

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Healthcare Factoring vs. Third Party Medical Receivables Factoring.

Healthcare Factoring vs. Third Party Medical Receivables Factoring

There is misinformation about what funding is available for suppliers and professionals in the Healthcare industry. Let’s talk about the two types of accounts receivable medical funding available- Healthcare Factoring vs. Medical Receivables (Third Party Payee) Factoring.

First there is one common denominator about everyone doing business in healthcare, you receive payments on outstanding invoices very slowly!

Healthcare Factoring: Like Trucking Factoring, Manufacturing Factoring or Staffing Factoring, Healthcare Factoring describes expertise in buying Invoices in a certain industry by the Invoice Factoring Company. Some Invoice Factors only specialize in one or two industries. For example, there are many trucking only factors. So if your business provides nurse staffing, medical supplies, transcription services or other products and services to the healthcare industry, a Healthcare specific Factor is a good choice to partner with. However, most Factors are generalists, their expertise lies in collection and credit and they will buy invoices from most industries as long as there is not a THIRD PARTY PAYEE. But to be matched with factors that specialize in your specific industry and will be able to give you the most help and most aggressive deal -it’s recommended that you use to get a few offers from factor finance companies to buy your invoices, before making your final decision.

Third Party Medical Receivables Factoring: When you buy goods you as a consumer you’re the end user and typically end up paying for those goods. However, there are some industries where the consumer does not directly pay for services received but the provider of those services are reimbursed by third party payees. Healthcare is the primary example of this in the US as Healthcare is 19% of total GDP. In healthcare those third party payees could be Medicare, Medicaid, Commercial Insurance, Private Insurance, HMO/PPO, and Managed Care. The average time to collect for these types of Accounts Receivables can range from 90 – 180 days.

Third Party Medical Receivable Factors focus specifically on financing the healthcare and medical community and understand the pressures providers and facilities face on both the cost and revenue sides of business. With their experience they have a good understanding of the complexities of billing, monitoring, and collecting medical receivables, as well as the cash flow challenges of managing a healthcare or facilities organization.

Billing and coding expertise is ultra-critical. A Doctor, Hospital or clinic bills $2000 for a procedure under one code and subsequently Medicare or the Insurance carrier changes the code and only remits $400. As a healthcare professional you know the billing dance and the risk to your business. That is why it is best to partner with a Factor finance company who has a deep understanding and years of experience in third party payees and is up to date on recent healthcare legislation.

If you’re in the healthcare industry and looking for a way to increase your workflow capital, research all of your options: the different companies available, the services they offer, pricing, terms, etc. The easiest way to get a few offers from specific factors that specialize in your industry is to visit and submit your invoice (takes about 2 minutes). Within the hour, you’ll have a few offers from the top factor finance companies competing to buy your open receivables.

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