Latest / Cash Flow Conversations with Fexingo: Working Capital, Receivables, and Small Business Finance
How a Factoring Audit Fixed a Manufacturer Cash Flow
Lucas and Luna dig into the story of a small precision metal parts manufacturer in Ohio that was struggling with 60-day payment terms from its biggest customer — and how a deep audit of its factoring agreement revealed hidden fees that were costing $11,000 a year in excess charges. They walk through how the owner renegotiated the contract, switched to a recourse versus non-recourse structure, and used the savings to build a three-month receivables reserve. Along the way, they discuss red flags in factoring agreements, the difference between notification and non-notification factoring, and why…
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