Department of Business and Industrial Management

VNSGU, Surat

Submitted by:- Hitesh Umashankar Sharma

Section: A (M.B.A. SEM 3)

Submitted to: MRS.TORAL THANKI

SUBJECT : GBM

Topic Name: FACTORING

1.1 What is factoring company ?
 A factoring company is a company that provides invoice factoring
services, which involves buying a business's unpaid invoices at a
discount. The business gets a percentage of the invoice, say 85%,
within a few days, and the factoring company takes ownership of the
invoice and the payment process.

1.2THREE FACTORING COMPANY :

(1) Bluewine
(2) Breakout Capital
(3) Triumph Business Capital

(1) Bluewine:- Bluewine is

one of the most popular and reputable invoice factoring companies
out there. That’s because of their high factoring lines, low rates, and
commitment to speedy funding. Bluevine offers factoring lines of up to
$5 million. Their factoring rates start at just 0.25% per week.

The approval process is fast. For businesses that need cash right
away, you can get approved in just 24 hours. The funding process is
also easy and flexible. You have the opportunity to get higher credit
limits based on the strength of your customers.

Bluevine’s fees are transparent, so you always know exactly how

much the factoring will cost. Instead of collecting recurring payments,
they charge a weekly fee that’s due when the invoice gets paid.

You also have full control over which invoices get sold, allowing you
to only fund what you need without committing to a long-term
contract.
 Here’s how the process works:

You can apply in less than ten minutes, and just need to provide a
few basic details about your business. The application approval
process usually takes less than 24 hours.

Once your application is approved, you can submit any unpaid

invoices by syncing your accounting software or uploading them
manually to your Bluevine dashboard.

Bluevine pays 85%-90% of the cash instantly. You get the rest of the
money, minus Bluevine fees, once the invoice is paid.

Will your business qualify for invoice factoring with Bluevine? These
are the minimum qualifications:

Must be in business for at least 3+ months

(1) $10,000 in minimum monthly revenue

(2) You are a B2B company (invoices from traditional

consumers aren’t eligible)

(3)You have a personal FICO score of 530+

(2) Triumph Business Capital:-

Triumph Business Capital is a factoring company that’s preferred by trucking and freight
companies—and it’s no surprise why.

Freight companies love working with Triumph for invoice factoring because they understand
the complexities of freight brokering, working capacity, and how cash flows throughout their
businesses.

Triumph’s great service for trucking and freight companies led to them being awarded the
Preferred Provider status by the Transportation Intermediaries Association.

It doesn’t matter if you’re a solo operation or if you have a fleet of hundreds of trucks—they
provide you with a straightforward and speedy process to get money in your hands as soon as
possible.

A few other services that they cater to include:

2 Trucking
3 Staffing
4 Oil and gas
5 Government contractors
6 Freight brokers

Another standout feature is their easy-to-use web portal. The dashboard and process is a
simple way to manage your funding. You can always stay up to date with your account and
information, no matter where you are.

You’ll also have direct access to support from the Triumph Business Capital team. They also
offer a wide range of financial services along with invoice factoring:

(1) Asset management

(2) Commuting banking
(3) Asset-based lending
(4) Equipment financing
(5) Insurance

(3) Breakout Capital:-

Breakout Capital offers a very flexible invoice factoring solution that’s great for new and
small businesses alike.

More specifically, they offer a very flexible payback schedule that gives small businesses
more wiggle room when it comes to when they have to pay Breakout Capital back. These
come in the form of daily, weekly, or monthly scheduling options. Not a lot of invoice
factoring companies do this.

They also offer a great service called “FactorAdvantage.” It’s a customized solution for
businesses that don’t meet qualifications from other lenders and factoring companies. That’s
great for startups.

Think of it as a combination between invoice factoring and a small business loan.

Here are some of the top advantages of this service:

1 Fund receivables before invoices are ready to factor

2 Increase your over-advance maximum amounts
3 Access to short-term bridge loans
4 Remove merchant cash advance programs or liens
5 Forecast cash flow with AI technology

Breakout Capital is perfect for startups since the approval process is dead simple. There’s no
minimum FICO score required, no minimum monthly revenue requirement, and no minimum
time in business.

With all of that said, Breakout Capital’s invoice factoring rates are a bit higher than some of
the other companies we’ve reviewed. Invoice factoring starts at 1.25% per month.

For startups that want to borrow up to $500,000 using unpaid invoices, breakout capital  is a
top company for you to consider. Factor Advantage is unlike any other product I’ve seen on
the market today.