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How to choose the right factoring company for your business
Find a factoring company that serves your industry, especially for construction, government, healthcare and trucking.
Examine contract terms and conditions such as startup fees, long-term contracts, cancellation fees, and monthly minimums.
Find desired features such as online account access, credit services, non-recourse factoring or Quickbooks integration.
Determine whether minimum and maximum credit limits meet your current and projected financial needs.
Know and understand the factoring rate structure and costs, as well as any additional fees you’ll be charged.
Find a factoring company that is friendly, professional, transparent, responsive and provides good customer service.