Hello. I'm Paul DeLuca, founder of Meritus Capital. Today, we're talking to Factor Brokers. What exactly is a factor broker?
Well, a factoring company is a company that takes invoices from its clients and buys them and gives them cash the same day that they create the invoice, instead of the customer having to wait for 30, 60, even sometimes 90 days to get paid. A broker is one that brings the business to a factoring company. It's an independent salesperson. In all 50 states, it requires no licensing. It's an extremely lucrative field.
Well, how exactly do you become a successful factor broker? We're going to take a video series and we're going to take step-by-step, everything that's required to be successful. How to find the business? How to close the business? And how to continue to profit from the residual income that can last for years?
We wish you the most success. We hope that you would ask us any questions through this series. If there's something you're not sure about, let us know, email us. We'll make sure to make it a video blog and answer the question the best that we can. Until then, we hope that you have the most success. We look forward to being able to assist you in any way that we can.