Factor Finders Pays $137,000 To Referral Sources

In 2019, Factor Finders, an accounts receivable match-maker, paid referral sources $137,000. Comprised of 167 unique transactions funded by 34 factors, these are an important contributor to Factor Finders’ rapid growth. In addition to traditional referral sources, a number of leads were referred by factors who identified leads that were not in their “sweet spot” or were looking to outplace clients that no longer were a good fit for their portfolio.

“A factor to whom we frequently refer funding opportunities asked us to find a new home for a longterm client. There was nothing fundamentally wrong with the deal; this was simply a case of factor exhaustion,” said Stephanie Chmielecki, sales director at Factor Finders. “We were able to identify a better fit factor for the client, assuring the client uninterrupted funding while generating continued revenue for the out-going factor.”

Factor Finders has referral relationships with bankers, consultants, accountants and factoring companies. Factor Finders is an Ohio-based B2B funding intermediary that matches business owners with the best funding solution for their unique needs.