Invoice Factoring Broker Information - Partner With Us
Invoice Factoring Broker Information
In 1995, our Managing Director began his career as a factoring broker, gaining firsthand experience of the challenges faced by brokers in the industry. Matching clients with the right factoring companies is no easy task. It demands an accurate picture of your client and a thorough understanding of a funding partner’s true competencies, industry preferences, underwriting approach, pricing capabilities, factoring fees, and speed.
Equally important is having trust and confidence that we will work diligently on every lead to get your deals funded, whether for staffing, freight factoring, or invoice factoring solutions.
At Gateway, we believe the best relationships are built on transparency and consistency. These core values, combined with direct access to decision-makers, form the foundation of our approach with our Referral Partners and invoice factoring brokers. This guide explains what factoring brokers do, how to get started, and what tools and skills help you succeed in the industry.
Looking for factoring services instead of broker opportunities? Contact us for a quote today.
Why work with Gateway Commercial Finance as a factoring broker?
As a non-bank-owned factoring company, we consistently offer the following benefits:
- Commissions paid for the life of the account
- 5% standard commission
- 20% commission for high-volume producers
- Commissions paid via ACH, generally by the third business day of each month
Landing a client is great, but keeping them is key. Gateway’s average client retention period is nearly 41.5 months, almost double the average client lifespan at most factoring companies. Since 2007, we’ve provided more than $2.5 billion in working capital to more than 1,000 small businesses.
Factoring Broker Success Story #2052
Meet Brett Littlefield. He’s an equipment financing broker. In 2007, Brett made one phone call that would provide him with real and enduring residual commissions. Brett had a client who needed working capital fast, so he reached out to Gateway and was able to help his client turn around a challenging situation in time for them to meet payroll. More than 16 years later, the firm is still factoring with Gateway, and Brett is a staggering $121,686.53 richer because of just one call — proof that a strong referral and factoring agreement can drive long-term brokerage success.
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Factoring Products We Offer
Our suite of factoring services is designed to support a wide range of industries, client sizes, and funding needs. Below is a breakdown of the most common programs, each offering different levels of flexibility, credit support, and access to working capital.
Selective Services
Your client has the freedom to choose which customers to set up and which specific invoices to sell. This gives your client maximum flexibility in determining and appropriately managing cash flow needs and unpaid invoices.
Full Service
This program offers maximum availability against all accounts receivable, as well as full monitoring and credit support. It is ideal for business owners who generate large amounts of invoices and/or have a large customer base.
Spot Purchasing
This program provides funding options on a single invoice or a group of invoices without the expectation of further purchases. It is ideal for specific instances where a business generates a large invoice value and needs quick, no-strings availability.
Ledgered Line
This program creates a borrowing base and then allows draws up to 90%, depending on the industry. Submission of individual invoices is eliminated, offering access to working capital without the high workload.
Non-Notification
Non-notification factoring offers discretion as a business’s customers remain unaware of our involvement. It’s especially helpful for startups or shippers seeking confidential finance solutions.
Non-Recourse
Non-recourse factoring is offered for debtor insolvency only and is limited to the debtor’s insurability, giving freight brokers and other businesses added protection against non-payment.
True-Sale
We can offer a True Sale on accounts for businesses requiring no balance sheet liability, ideal for companies seeking alternatives to a bank loan or traditional financial institution.
Extended Terms
We can accommodate sales terms of Net 90 days with up to 120-day eligibility, supporting business growth and flexibility in payment terms.
Debtor in Possession (DIP)
For businesses contemplating or already in Chapter 11, DIP financing can arrange pre/post-petition funding to support working capital during reorganization.
Stay in the Know
You’ll automatically receive email updates as your client moves through our factoring process, instead of having to check in with your client or factoring company to see what’s going on.
Let’s Have a Conversation
Talk to us! Our Referral Partners are an integral part of our factoring services, and the best starting point is to ensure you know about us and our capabilities through an honest conversation.