About Ernane Iung

President and Owner of ei Funding

Ernane Iung

Biography

A Flint, Michigan native with Brazilian roots, Ernane Iung has led a dynamic 28-year executive career across four continents — twenty of which were spent overseas in São Paulo, Brazil, where he solidified his career in key roles with notable multinationals such as GE, Whirlpool, Philips, and Oster. A seasoned C-suite executive, he is the founder and president of ei Funding, where he’s supported hundreds of B2B enterprises, from new startups to established corporations.

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Published Work

Empowering Entrepreneurs to Achieve Remarkable Results

The Success Factor

Unconventional Wisdom for Small Business Success

The Success Factor provides guidance on crucial aspects to consider when starting your business, challenging traditional viewpoints and juxtaposing them with proven innovative insights.

By the time you finish reading The Success Factor: Unconventional Wisdom for Small Business Success, you’ll have goals, a timeline, a business model, and a product service offering in place for your small business or start-up. Plus, you’ll understand how your ideal customers think, where and how to find them, and how to market in a way that attracts them to you.

Lastly, you’ll learn to do more of the things you love doing, and how to get paid faster, keeping more of the money you earn than you ever thought possible.

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The Success Factor
The Success Factor Podcast

The Success Factor Podcast

Are you ready to grow your business but aren’t sure where to begin?

The Success Factor Podcast dives into some of the most common reasons why businesses don’t succeed, most of which boils down to one simple problem: an overreliance on conventional thinking.

Through witty anecdotes from a decades-long executive career, Ernane debunks conventional wisdom and inspires listeners to challenge the status quo, all while building the framework to navigate through uncertainty with confidence and achieve their small-business goals.

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Frequently Asked Questions

How does invoice factoring work?2023-08-03T10:28:17-04:00

There are five simple steps to invoice factoring:

1) You deliver your goods/services to your Customers.

2) You send invoices to your Customers.

3) You sell your invoices to a factoring company and get paid a cash advance of between 80% – 90% of the invoice face value, less a nominal fee.

4) Your factor collects payment directly from your Customers, typically 30-45 days later.

5) Once your factor has been paid in full, they’ll pay you the remaining invoice balance.

Which industries use invoice factoring services?2023-07-20T17:09:52-04:00

Any business that invoices their company clients can use factoring to get the funds they need. Businesses in industries from manufacturing to professional services can use invoice factoring to their advantage. So long as you produce an invoice for goods you deliver or services you render, you can use invoice factoring.

While any company can use invoice factoring, there are a few types of businesses that can benefit the most from using it. These include: cable construction services (for telecommunications), staffing services (for hotels, restaurants and rental car agencies), retail distribution companies, manufacturing, marketing and PR agencies, and craft distilleries and breweries, just to name a few.

How do I get started with invoice factoring?2023-08-03T10:27:11-04:00

First, we recommend you familiarize yourself with what invoice factoring at ei Funding entails, if you haven’t done so already. If factoring seems like something you’re interested in pursuing for your business, submit an online invoice factoring application to begin the process. If you have any questions about the application process, please contact us at 407-734-4155.

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