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PRN Funding Introduces the PRN Funding YouTube Channel

CLEVELAND, Feb. 12 /PRNewswire/ -- After Phil Cohen, president of Cleveland-based PRN Funding, LLC, participated in a YouTube interview last year, he signed on to do three more educational factoring videos. PRN Funding formally introduced those videos this week via PRN Funding's unique factoring YouTube channel (

With the formal launch of its YouTube Channel in place, PRN Funding's three featured factoring educational videos are as follows:

1. What is Factoring?


Mr. Cohen explains in just over a minute what accounts receivable factoring is, and how utilizing it can benefit startups and small companies that sell to larger, creditworthy customers. Factoring is an alternative means of financing that allows businesses to grow without having to muddy up their balance sheets.

2. Factoring Step-by-Step


Mr. Cohen discusses the quick application process that PRN Funding offers its healthcare vendor clients, and then he explains a little about PRN Funding day-to-day procedures once a prospect becomes a client. Finally, Mr. Cohen concludes by talking about the extreme level of flexibility PRN Funding's factoring program offers its clients.

3. 5 Things to Look For When Hiring a Factoring Company


Mr. Cohen discusses the five most important things prospective factoring clients should ask a potential factoring firm before deciding to sell its invoices. Namely, what are the factoring fees (including hidden fees), how well does the factor understand the prospect's industry, how flexible is the factoring program, what kind of customer service does the factor offer, and during economic downturns, how stable is the factor?

"We're excited to formally launch PRN Funding's YouTube Channel," Mr. Cohen said. "It's just another way to reach small business owners and entrepreneurs and educate them about the benefits of using accounts receivable factoring at a time when traditional banks are not as flexible with their lending."

With years of experience in healthcare services financing, PRN Funding has a precise understanding of the unique challenges within the demanding business of serving vendors to healthcare institutions. PRN Funding offers financial resources to these companies by purchasing their accounts receivable -- a process known as "factoring," which provides the cash needed to sustain and grow a healthcare business.


    Nikki Flores
    PRN Funding, LLC

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