Invoice Factoring Referral Program

Online Factoring Broker Agreement

Factoring Broker Training & Education

OUR COMMITMENT TO FACTORING & CASH FLOW BROKERS: Since 1998, the owner-employees of Bankers Factoring have devoted themselves to the cultivation, education, training, and support of our nationwide invoice factoring broker program and factoring iso network.

Whether you are an intermediary, CPA, attorney, bank loan officer (your bank keeps the depository relationship), insurance agent, ISO, cash flow consultant, commercial finance broker, or online referral source, we can help you improve the way you do business with Non-Recourse Invoice Factoring, Payroll Financing, and PO funding.

Life of Client Factoring Broker Commissions

Our factoring fees are some of the most aggressive in the factoring industry, and if we can’t fund your deal, we have hundreds of commercial finance and asset-based lending contacts to ensure your deal finds a home and you get paid.

Factor Broker & Purchase Order Financing ISO Education

Interested in starting your own accounts receivable factoring broker business? Our training and factor broker program can help you hit the ground running as you become a successful factor agent and PO funding referral source. Becoming a cash flow broker is a great business opportunity, and we always look for hard-working referral partners.

What is an ISO?

The term ISO is left over from the world of merchant services. ISO stands for Independent Sales Organization, a third-party payment processing company that handles credit card processing sales for banks, payment processors, or large financial institutions. The ISO worked as a conduit between the larger institution and individual merchants, handling the details of the merchant’s payment processing needs.

Once Merchant Cash Advances become popular as a funding vehicle for small businesses, first with credit card sales and then any business, The term ISO or Independent Sales Organization came to denote any type of cash flow broker, including factoring brokers.

Those brokering bigger and more sophisticated financing deals will often market themselves as commercial loan brokers or commercial loan consultants. The ability to analyze financial statements and create cash flow projections allows you to broker larger deals and, often, commercial real estate loans & transactions if you have the proper licensing in the state(s) you do business. As a one-stop shop for your prospects, you can also act as a note broker brokering mortgage notes.

How to Become a Factoring Broker

Whether you are new to factoring and need some handholding and a little Factoring 101, or you are a seasoned commercial banker looking for the right solution in your Rolodex, Bankers Factoring can help you with development and how to build your factoring business. We hope you become the go-to professional for alternative commercial finance in your industry or geographic region. Here are factoring lead-generating tips for you to use.

New businesses are starting daily with unpaid invoices and cash flow problems, and they should be reaching out to you as an invoice finance broker for help. Being a factoring broker is a great business opportunity, and we want to help you start your independent factoring broker business.

In these times of Covid, offering invoice discounting and other financial products from your home business can be both safe and lucrative. You can also do well as a 100% Online Factoring Broker. We can guide you if you choose the virtual invoice factoring broker route.

Full-time or part-time, home-based or a commercial loan broker working in a group at a big office, Bankers Factoring can help you grow your broker business. A Factoring Broker Business Opportunity is a great way to build residual income.

Our Factoring Broker & PO Funding Broker Programs

• Invoice Factoring, Accounts Receivables Financing, and Credit Protection
• Purchase Order Funding and Trade Financing with Payment Guarantees
• 75-93% Advance Rates with Online Invoice Submission, Reporting, and D&B Reports
• Bankers Factoring’s “Soft Touch” with your Clients
• Free Finance Broker Training
• Bankers Factoring can move Quickly on a New Client or High Growth Client Approval versus slow Bank Underwriting.
• Training “How to become a commercial factoring broker” with best practices
• Personalized link to our “loan” applications (of course, factoring is not a loan)
• Proposal in 24 hours or less. First funding in 3-7 business days.

Target Factoring Clients

• Startups, Turnarounds, Bank Exiting, & Non-Bankable Relationships
• White Label for Credit Unions & Banks-blended factoring & business loan
• The personal Credit of the Owner is not an issue; we look at Your customer’s ability to pay
• Fast Growing Client with sales of $25,000-$5,000,000 per month
• Small Business Friendly with Great Customer Service & Finance Solutions
• Ability to think “Outside the Box” on deals
• Factoring & PO Funding at the Same Funding Company
• Non-recourse factoring lines of credit

What is needed to get started? The simple Bankers-Factoring-Application, a copy of your prospect’s A/R aging and the last three months of their bank statements.