Tag: invoice factoring

Kompass Funding Adds Team Members

Kompass Funding Adds Team Members Kompass Funding, based in Overland Park KS, recently added two new team members to its organization. Tom Joerger joined as a Division Manager and Ben Hagenkord will serve as their lead account executive. Tom Joerger will be focusing on business strategy and development, as well as client relationship management and process implementation. He has over 10 years of experience in software implementation and support, print and digital marketing, project management, consulting, process improvement, and international business. As the lead account executive,...

Continue reading

Small Business Funding

Alternative funding options for Small Kansas City Businesses in Growth Mode

Alternative Funding Options for Small Kansas City Businesses in Growth Mode Covid-19 changed the landscape for small businesses around the country and especially in Kansas City. “The Payment Protection Program (PPP) was a good band-aid, but now small businesses are really looking for that growth capital and it’s been a challenge for them to find that,” according to John Minnis, CEO of Kompass Funding. Traditional funding isn’t as accessible as it used to be. And, although every small business can’t qualify for a bank or SBA loan, there are other ways they can access capital – solutions they...

Continue reading

factor business partner

How to Choose the Right Lender

How to Choose the Right Lender As members of a large industry, we want to help clients find the right financial partner with the right solutions to ultimately help their business grow. With hundreds of different options out there, we are often asked by potential clients “what should I be looking for in a lender?” As a lender ourselves, we want clients to look for 3 key characteristics before entering a relationship: curiosity, mutual benefits, and multiple funding options. For Kompass Funding, those three characteristics are also our competitive advantage. Two of our core values is to “be...

Continue reading


Factoring Made Simple in 4 Easy Steps

Factoring Made Simple in 4 Easy Steps Working with a factor can seem like a daunting task, especially if you do not know what information and documents you need to apply. From the first interaction all the way to invoice funding, we compiled every action and documents required during each step below. Keep in mind, some applications may be different but generally request the same information. Contact with the Factor: Whether you have been directly contacted or reached out to the factor yourself, most factors will ask you to fill out their simple application. This typically requires basic business...

Continue reading

One stop-shop for Logistics and Freight Factoring

One stop-shop for Logisticsand Freight Factoring In the trucking world, there are lots of moving parts (literally and figuratively). Literally in the sense that goods are being shipped across the country and figuratively because shippers and carriers are constantly being matched to determine optimal routes for shipments. Another important moving part is cash.  For many carriers, sometimes it can take a couple weeks for brokers to pay for their loads. This can cause a buildup in invoices and a gap in cash flow, especially if truckers are hauling every single day. In partnership with our sister...

Continue reading

What is an Aging Report and why does it matter?

What is an Aging Report and why does it matter? A key tool for success for small and mid-sized businesses is an aging report. But what exactly is an aging report and why is it so important? An aging report is often referred to as account receivables reconciliation, which is essentially a compilation of all your invoices. The report will help answer: Which clients owe you money? How much do they owe? How long have they owed you money? Why is it called an “aging” report? Because you are collecting all the amounts owed to you, including amounts owed today, in 30 days, and past due. You are “aging”...

Continue reading

Follow Us On Facebook

Contact Us

Kompass Funding
7240 W. 98th Terrace
Overland Park, KS, 66212