Most factor companies won't even consider purchasing sub contractors invoices. IMS will under some conditions including if the Prime is credit worthy, established with the Cable or Telephone company, and been in business for several decades.
Discount rates really are not all that bad. If selling under 50K per month in receivables you should expect that no one will talk to you other than IMS, who advertises on this web site. But at this low level the rates are not all that bad. If selling over 50K per month, rates go way down from the already competitive price. Just look for the IMS banner ad by clicking on the discussion area until it pops up and click through to the IMS web site for full details.
Rates certainly are not 3% per week!
Innovative Marketing Systems
Re: 30 Days Out
Member #: 22668
Registered: 3/29/2003
Posted:
107
Name:
Frank Anderson
Name:
Frank Anderson
Company:
Innovative Marketing Systems
Occupation:
CFO
Location:
Dallas, TX
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