Factoring Broker Training

Factoring is the practice of selling accounts receivable to a third party (the factor) at a discount in exchange for immediate cash. For businesses with significant accounts receivable and cash flow challenges, factoring can be essential, even if the cost is higher than other financing options. As a factoring broker, you're helping businesses solve real cash flow problems and enabling them to take on larger projects they could not otherwise afford. When evaluating factoring broker training, look for programs that cover the different types of factoring (recourse and non-recourse), factor relationships, underwriting standards, and strategies for sourcing deals. You will learn how to evaluate a business's accounts receivable, assess creditworthiness of their customers, and position factoring as either a short-term solution or long-term strategic tool.