Goodman Factors

Goodman Factors is a factoring company based in Dallas, Texas and is the Southwest's oldest factoring company, offering its services since 1972 to businesses nationwide. Goodman is a division of Independent Bank, a $1 billion asset community bank that offers a full range of personal and business banking services.

Goodman's management provides a high level of personalized service that is unmatched in our industry. Our capitalization, access to leveraged funds and experience in the industry allow us to carry accounts on our books (we do not "refactor" our clients invoices). As such we are able to offer flexible programs and quick decisions at very competitive rates.

Goodman Factors provides these invoice factoring benefits:

  • Approvals as quickly as 24 hours
  • Competitive rates
  • Same day funding
  • No monthly minimums

We have a particular degree of experience among retail-directed manufacturers and distributors (electronics, apparel, accessories, gifts, home furnishings, etc.), but our expertise is certainly not limited to these areas. We have worked with temporary and contract personnel agencies, printers, transportation firms, government contractors and a countless number of other manufacturers, distributors, and service companies.

Industries Served:

Featured Services:

24 Hour Funding:
Yes
Collection Services:
Yes
Credit Services:
Yes
Digital Invoice Processing:
No
Online Reporting:
Yes
Non-recourse Factoring:
No

Terms of Service:

Application and Start-up Fees:
None
Contract Length:
1 year
Cancellation Fee:
Based on volume commitment
Monthly Minimum:
No
Factor All Invoices:
No
Reserve Availability:
Available upon payment from customer
Additional Fees:
Wire fee, excess reserve release fee
Alejandro Galindo of Goodman Factors
Alejandro Galindo
VP Business Development
214-272-4835

General Information:

Year Founded:
1972
No. Employees:
11-50
Associations:
IFA, CFA, Dallas Regional Chamber
Address:
3010 Lyndon B Johnson, Dallas, TX

Financial Information:

Minimum Credit Facility ($):
10,000
Maximum Credit Facility ($):
4,000,000
Advance Rate (%):
80%
3010 Lyndon B Johnson, Dallas, TX