Finding the right factoring company has never been easier
In-depth company listings
You get the most accurate, complete and current factoring company information in the industry. With over 100 sponsor listings, FactoringClub covers practically every industry, major city and state. We have everything you need to find the right factoring company!
Browse our entire directory of factoring company listings. We have over 100 factoring companies.
Search factoring companies in your industry. We serve construction, staffing, trucking and more.
Search factoring companies in your state. We cover states throughout the United States and Canada.
Choosing a Factoring Company
Do I need an industry specialist?
Look at factoring companies in your particular industry. Many industries such as business services, staffing or manufacturing are commonly served, but some niche industries require a certain expertise or specialty. Niche industries include foreign receivables, construction, healthcare and trucking.
Is the company a good fit?
Determine whether the company’s primary goal is to serve your needs or to fulfill their own desires. When talking to the company salesperson or representative, pay careful attention to his or her vibe or attitude. Are they genuinely interested in your business? Do they understand your specific situation? You want someone who is attentive, knowledgeable and responsive to your needs.
What are the costs?
You should get an idea or ballpark of your factoring costs based on your monthly sales volume and receivable days outstanding. Also, find how they calculate your costs – do they use a flat rate or an adjustable rate? How does their rate impact your costs if your collection days run longer than expected. Do they charge an application or startup fee?
What are the terms?
- Do they charge extra fees for processing invoices, credit checks or non-factored invoices?
- Do I have to factor all my invoices or can I choose the invoices I want to factor?
- Do they charge a minimum fee if you don’t factor a certain sales amount each month?
- How long are you bound to their contract – 30 days, one year or more? What is their cancellation fee if you decide to quit factoring with them?
Get as much information as possible before you complete an application. Contact FactoringClub for free brokerage and consulting services at 866-748-7111.
More Than Just a Cash Advance
Cash flow Solution
Accounts receivable financing virtually eliminates your collection days and speeds up cash flow to operate your business.
Your factoring company handles all the accounts receivable functions including collections, accounting and reporting.
Business Credit Services
Factoring companies analyze your customers’ credit scores and monitor credit limits to protect you from bad debt losses.
No Loans Or debt
Accounts receivable financing doesn’t involve risky loans or debt and doesn’t require you to make loan repayments.
Quick And Easy
Invoice financing is available within 5 to 10 business days and doesn’t require historical financials or spotless credit.
Peace of mind
Receivables factoring provides the stability and cash flow you need to smoothly run your business without all the headaches and problems.