I’ve Outgrown my Factor
“We wanted to leave factoring to save money after getting a bank approval. But the buyout became a problem. Our factor advanced 95% of the invoice amount and the bank’s limit was 80%. The only way that we could switch was to come to the closing table with 15% of our outstanding receivables balance. BBA stepped in and offered a solution that we did not know existed! It provides less reporting and a lower cost than factoring, without the growth squashing guidelines of a regulated Bank. Who knew? BBA!”
Nick — an Illinois Freight Carrier ($2MM/mo. revenues)