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What should you look for in a factoring company?
Here is what you should be mindful of when you choose a factoring company.
Industry
Find a factoring company that serves your industry, especially for construction, government, healthcare and trucking.
Terms
Examine contract terms and conditions such as startup fees, long-term contracts, cancellation fees, and monthly minimums.
Features
Find desired features such as online account access, credit services, non-recourse factoring or Quickbooks integration.
Credit limits
Determine whether minimum and maximum credit limits meet your current and projected financial needs.
Cost
Know and understand your factoring rate structure and costs, as well as any additional fees you’ll be charged.
Service
Find a factoring company that is friendly, professional, transparent, responsive and provides good customer service.
Feeling overwhelmed when you need to pick a company to factor your invoices?
At FactoringClub you get professional, personalized consulting that will help you find the factoring company that suits your goals. Straight to the point, without the hassle!