Archive for March 2010
True or False: When a factor advances 80% of an invoice to their client that is all of the money from the factor?
Mar 22nd, 2010 | By Ernie Brown | Category: Money $marts Food For ThoughtTrue or False: Factoring is the lending of money using an invoice as the collateral?
Mar 22nd, 2010 | By Ernie Brown | Category: Money $marts Food For ThoughtTrue or False: Factoring requires a personal guarantee AND requires the pledging of all personal and business assets to the factoring company?
Mar 22nd, 2010 | By Ernie Brown | Category: Money $marts Food For ThoughtTrue or False: There is only one type of factoring program available to companies that want to factor?
Mar 22nd, 2010 | By Ernie Brown | Category: Money $marts Food For ThoughtTrue or False?
Mar 22nd, 2010 | By Ernie Brown | Category: Money $marts Food For ThoughtWhen a customer of a factoring client does not pay or pays late the factor puts that customer into a collection mode and begins harassing that customer thus putting the factoring client at risk of losing that customer?
True or False: Customers of clients that factor dislike factors and the fact the client sold their invoice?
Mar 22nd, 2010 | By Ernie Brown | Category: Money $marts Food For ThoughtWhy do they do this?
Mar 22nd, 2010 | By Ernie Brown | Category: Money $marts Food For ThoughtA business owner offers a 2% net 10 discount. Based on a 100 company survey of small businesses how many days does that business owner actually have the working capital in hand to apply to their business? 10 days? 12 days? 15 days? 17 days?
