Find your factoring company
Choosing a Factoring Company
Find a factoring company that serves your industry, especially if you’re construction or trucking.
Examine contract terms and conditions such as rate structure, cancellation fees, and minimums.
Look at features they offer such as an online portal, credit services, and Quickbooks integration.
Do their minimum and maximum credit limits meet your current and projected financial needs?
Ask what extra fees they charge, such as interest expense, invoice processing fees, or bank fees.
Find a factoring company that has a solid reputation and treats their customers well.