Factoring Broker
A factoring broker helps businesses convert outstanding invoices into immediate cash by connecting them with factoring companies. This is a distinct niche within commercial finance focused on accounts receivable and cash flow optimization.
Common deal types
- Invoice Factoring
- Spot Factoring
- Recourse and Non-Recourse Factoring
- Construction Factoring
- Medical Receivable Factoring
- Government Contract Factoring
- Transportation Factoring
- Accounts Receivable Financing
Frequently asked questions
Is factoring brokering passive income?
No. All commercial finance brokering requires active prospecting, deal packaging, and follow-up. Income depends on effort, skill, and market conditions.
Do I need a license?
Licensing requirements vary by state and product type. Research your state requirements or ask about this on your CLBI call.
How much can I make?
Income varies widely. There are no guarantees. Commission structures differ by product type and deal size.
Do I need experience?
Not necessarily. Good training programs should teach you the fundamentals. Backgrounds in sales, finance, real estate, or insurance can help.
How long does it take to close a deal?
Deal timelines vary by product type and complexity. Some products close faster than others. Expect 30-90+ days for many commercial transactions.
How do I use the CLBI referral discount?
Schedule through Broker-in-a-Box and mention the code on your call. KICKSTART200, EXEC1000, or ELITE1000.