By Bob Baker, Owner of Baker Garrington
Years ago, when I was running my own business, I found myself in a situation that many business owners face at one point or another: I needed financing to manage cash flow and keep things moving forward.
At the recommendation of my banker, I explored invoice factoring—a way to get paid quickly on outstanding invoices without waiting 30, 60, or even 90 days. Like many first-time factoring clients, I trusted the guidance I received and assumed that factoring would provide the flexibility I needed.
Unfortunately, that wasn’t the case.
A Hard Lesson in Factoring Contracts
Without fully understanding the contract terms, I signed an agreement with a factoring company that seemed reputable at first. It wasn’t long before I realized I had signed a contract that locked me into some painful obligations:
- I was required to factor all of my invoices—whether I needed the cash or not.
- I was charged fees even on invoices I didn’t factor.
- I was committed to this agreement for two full years, with no easy way out.
What was meant to be a flexible financial tool turned into a frustrating and expensive burden. I felt trapped, betrayed, and helpless.
The Turning Point
Determined not to let this experience define my business’s future, I spent months navigating legal challenges and stressful negotiations to break free from the contract.
During this time, I began searching for factoring companies that operated differently—firms that believed in transparency, trust, and customer-friendly terms. Through that process, I discovered my predecessor company… and ultimately made the decision to join them.
That decision laid the foundation for what Baker Garrington is today.
Our Mission: Factoring with Flexibility and Transparency
My personal experience fuels our philosophy at Baker Garrington. I know firsthand how damaging rigid factoring contracts can be for a business owner. That’s why we operate differently:
- No long-term commitments: We offer simple 30-day contracts.
- No requirement to factor all invoices: You choose which invoices to factor, based on your cash flow needs.
- No unnecessary fees or penalties: You only pay for what you use. If your needs change, your factoring relationship can adjust right alongside your business.
Our goal is to empower business owners, not trap them. Whether you’re growing, scaling back, or simply smoothing out seasonal cash flow, Baker Garrington gives you the flexibility to factor when it makes sense for your business.
Experience the Baker Garrington Difference
If you’ve been burned by factoring contracts in the past—or if you’re exploring invoice factoring for the first time—know that there is a better way.
At Baker Garrington, we believe in doing business the right way:
- Simple, short-term contracts
- You choose which invoices to factor
- Transparent fees and no hidden costs
- A true financial partner, not just a factoring company
Experience the freedom and flexibility you deserve. Contact us today to learn how Baker Garrington can help you manage your cash flow on your terms.