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Quickly find providers of invoice factoring or accounts receivable factoring. Search our invoice factoring directory to find an invoice factoring company who can serve your factori… more »
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Factoring is the process that occurs when a company sells their accounts receivable to third-party companies that provide an immediate return of what they expect to receive. These third-party companies add interest and late fees to the original amounts, so they make a large profit over time. In order to start your own factoring business, you must obtain education and training.
Factor Help is one education provider that is geared towards training you and your employees at every level. There are three basic training disciplines for you to enroll in: sales, underwriting and account management. Each training session takes place over two days and includes topics such as risk tolerance, stress factors, negotiating a large factor and taking advantage of checklists.
FactorMax Guerrilla is another training provider for you to choose from. This training is geared towards those who are already involved in the industry, but also provides comprehensive training materials that can prepare entry-level workers to enter into the field the correct way. This training provider offers online modules, which allows you and your employees to complete your lessons from any location at times that are convenient for you.
For more information on factoring, refer to the links on this Business.com page.
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