Factor Finders Pays $108K to Referral Sources in 2020

In 2020, Factor Finders, an accounts receivable matchmaker, paid referral sources $108,000. In total, Factor Finders helped with 161 unique transactions that were funded by 28 factors.

In addition to traditional referral sources, a number of leads were referred by factors that identified leads that were not in their “sweet spot,” or were looking to outplace clients who no longer were a good fit for their portfolio.

“Factor Finders works with many factoring companies who frequently get perfectly good deals that are outside of their sweet spot,” Stephanie Chmielecki, sales director at Factor Finders, said. “Our job is to use our extensive network of funders to identify a better fit for the prospect, assuring they receive the needed funding while generating on-going revenue for the referring factor.”

Factor Finders has referral relationships with bankers, consultants, accountants and factoring companies.