The Practice of Factoring - A Viable Lending Component

This training program on factoring will discuss the fragmented market place, the missing link to receivables management, interesting alternatives, and the new face of factoring.

Why Should You Attend:

Companies should push their bank to consider factoring as a viable lending component to any financing program. Small to mid-sized companies, who are crying out for working capital, make up a ready market for factoring.

This webinar will emphasize why companies should not use factoring to replace bank lending. Rather, it should complement the bank’s full set of offerings. Companies that engage in factoring, with banks or with other financers, should expect to pay double-digit annualized rates for the convenience of immediate cash payments.

Banks that enter or re-enter the factoring business also should be aware that unless they take advantage of the technologies and automated applications now available, factoring will still be a paper-intensive process. However, with the new automation and better electronic processing, the risk is manageable for both sides.

Areas Covered in the Webinar:

• Myths and Realities
• When Should Businesses Factor?
• Fragmented Market Place
• The Missing Link to Receivables Management
• Interesting Alternatives
• New Face of Factoring
• Factoring 201
• Recourse Options (Risk)
• Fees and Rates
• Summary

Who Will Benefit:

• Corporate treasurers
• Bank lenders
• Business development bankers
• Small and mid-sized business owners
• Startup companies
• Bank lending officers
• Bank credit managers
• Credit union lenders
• Owners of fast growing companies