Factoring Brokers Information
Without You Doors Remain Closed
You play a critical role in your clients’ business. You help them get the funding they need to expand, to meet their obligations, and maybe even to keep their doors open. At Gateway Commercial Finance, we know how important it is for you to partner with a factor who will provide you and your clients with only the highest level of service.
We value our factoring brokers and view them as an integral part of our business. As you grow and build your business, we grow and expand right along with you. We’re committed to offering you top-notch service, education, support, and compensation.
We welcome the opportunity to partner with you and your clients. Contact us today to start the conversation.
Why work with Gateway Commercial Finance as a factoring broker?
For more than 19 years, Gateway Commercial Finance owners have provided businesses with innovative funding solutions. And over that time, partnerships with factoring brokers has been an important part of our business. We value your efforts to help your clients and we demonstrate that appreciation with best-in-industry compensation, training, support, and product offerings.
Highest industry compensation and bonus programs
It’s great to have a factoring partner who takes care of your clients. It’s even better to have a partner who takes care of you too. We offer our invoice factoring brokers an aggressive 15 percent commission structure, with top volume producers getting an opportunity to earn more.
Unparalleled consultant support
We know how hard it is to find and close a new client. It’s our job to make the process as easy as possible for you. That’s why offer a level of broker support that you are unlikely to find anywhere else in the industry.
Our owners are always available via conference call to help you close the deal. We’ll help you and your client assemble and submit the necessary application documents. And after our quick underwriting process, we’ll provide you with a clear and honest response. We value transparency and honest communication.
An investment in you
Knowledge is the ultimate asset, especially when your job is to help your business clients resolve difficult situations. We believe that the best way we can support you is to help you stay one step ahead of your competition.
We offer a number of different ongoing training programs for invoice factoring brokers to arm you and your staff with industry-leading knowledge and expertise. Our Managing Director hosts regular product training sessions that explore our factoring products from “soup-to-nuts.”
We’ve also partnered with The Commercial Finance Institute to offer access to one of the premier factoring and asset-based lending training programs available today. The program includes case study analysis, hands-on practice with due diligence and underwriting exercises, and an accreditation opportunity with study materials.
Finally, you will also receive Gateway Online, our quarterly newsletter designed to keep you up-to-date on the factoring industry, and our Commercial Finance Series, a four-part, more than 350 page book on best practices on serving factoring clients.
Our factoring and purchase order funding programs
When you work with Gateway Commercial Finance, you will partner with a factoring provider who offers a diverse set of products with flexible terms, so you cast a wide net as you prospect for new clients. In all of our products, we focus on the end customer’s ability to pay the invoice. That focus allows us to provide funding to a broad base of businesses.
We offer factoring lines that start at $25,000 per month and go all the way up to $2 Million per month. For clients who require more than $2 Million per month, we can leverage our syndicate capabilities to offer greater funding.
We can generally fund between 75 and 90 percent of an invoice, and sometimes more depending on the specific situation. We pride ourselves on keeping the cost of funds as low as possible. In some instances, we can offer a one percent rate on the first 30 days.
Our factoring solutions are available for spot purchase, selective service, or full service. Spot purchase is a great solution for businesses who only occasionally need funding for specific invoices. Selective Services is an option in which the business can select to fund invoices from specific customers. Selective service is a flexible option for businesses who have changing cash flow needs.
Finally, full service provides maximum availability against all invoices, along with full monitoring and credit support. Full service is an ideal solution for a business that generates a large number of invoices or who has a large customer base.
Why Should You Choose Gateway as Your Preferred Factoring Partner?
- Quick decisions - 1 hour response on completed application packages
- Advance rates up to 92%
- Competitive and flexible fee structures
- Lines from $25K to $2M (syndication ability up to $5M)
- Recourse and non-recourse availability
- Flexible short and long term agreements
- Spot transactions
- Purchase order and trade finance products
- Competitive and flexible fee structures
- Credit Protection
Ready to get started with Gateway Commercial Finance? We are excited to work with you! Contact us today and start the conversation. We welcome the opportunity to help you grow your business.