Best Factoring Companies
2018 Awards

FactoringCLUB Awards

Disclosure: FactoringClub receives referral fees from its sponsor factoring companies.

FactoringClub is the most comprehensive directory of factoring companies in the United States and Canada. With over 100 factoring companies, FactoringClub features many of the best companies in the industry. This year's best factoring companies were awarded based on the following criteria:

TERMS & FEATURES   •  CUSTOMER SERVICE  •  OVERALL EXCELLENCE
847-696-6445
847-696-6445
201 St. Charles Ave., New Orleans, LA
Eric Dorner of Republic Business Capital
"Republic’s award winning people take pride in delivering on our promises of dynamic solutions for its clients and partners."
Eric, VP Sales

Republic Business Credit is a factoring company headquartered in New Orleans with additional offices in Chicago, Houston and Los Angeles. Republic is managed by a group of talented veterans in the factoring industry. They take pride in offering fast service and flexible solutions. In addition to invoice factoring, Republic offers asset-based receivables financing with the ability to also leverage your inventory and equipment. Republic is a good choice of factoring companies, especially if you plan to factor all your invoices. Their factoring rates are among the lowest in the industry.

Financial Information:

Minimum Credit Facility ($): 150,000
Maximum Credit Facility ($): 10,000,000
Advance Rate (%): 80-90%

Terms of Service:

Application and Start-up Fees: Due diligence fee covers searches and UCC filing - typically $500.
Contract Length: Typically 12 months.
Cancellation Fee: 1% of facility amount, varies by deal.
Monthly Minimum: No.
Factor All Invoices: Yes, but selective factoring plans are available.
Reserve Availability: Typically 1 to 3 business days after we receive payment from the customer.
Additional Fees: $25 wire fee, $15 ACH fee.
810-229-2601
810-229-2601
10559 Citation Dr, Brighton, MI
Jill Pociluyko Sterling Commercial Credit
"At Sterling our mission is to engineer creative working capital solutions for growth minded entrepreneurs allowing them to follow their dreams with an industry leading lending partner."
Jill, Sales & Marketing

Sterling Commercial Credit is a finance company located in Brighton, Michigan. Sterling is a family owned company that has been delivering factoring services since 2000. They deliver custom financial solutions including invoice factoring, purchase order financing and asset based lending. Their client commitment is built on a client relationship manager to handle your specific needs. You're not required to pay monthly minimums and you don't have to factor all your company's invoices. You're also not required to sign a long-term contract. They provide real-time account management via their online client portal.

Financial Information:

Minimum Credit Facility ($): 50,000
Maximum Credit Facility ($): 5,000,000
Advance Rate (%): 85%

Terms of Service:

Application and Start-up Fees: $500 set-up fee.
Contract Length: No long-term contracts.
Cancellation Fee: None.
Monthly Minimum: No monthly minimums required.
Factor All Invoices: No.
Reserve Availability: We hold any over 90 days invoices in reserve.
Additional Fees: No additional fees Including no wire transfer fees.
954-525-1311
954-525-1311
2021 Tyler Street, Hollywood, FL
Greg Porter of Capital Funding Solutions
"With hundreds of satisfied client’s served in nearly 15 years, earning an A+ BBB rating, Capital Funding Solutions is your partner in growth."
Greg, VP Sales & Marketing

Capital Funding Solutions is a factoring company in South Florida that offers a full suite of small business financing products. In addition to invoice factoring, Capital Funding offers purchase order financing, international factoring, and asset based receivables financing. The folks at CFS can put together just about any financial package that you'll ever need for your business. If you want non-recourse factoring, they offer credit insurance at a reasonable cost. You don't have to factor all your invoices and you won't incur a cancellation fee if you need to terminate your contract.

Financial Information:

Minimum Credit Facility ($): 20,000
Maximum Credit Facility ($): 10,000,000
Advance Rate (%): 75-85%

Terms of Service:

Application and Start-up Fees: Start-up costs vary based on due diligence and legal costs.
Contract Length: One year contract is standard.
Cancellation Fee: No cancellation fee.
Monthly Minimum: Typically not. For facilities more than $2 million, minimums may apply.
Factor All Invoices: No, you decide which invoices you want to factor.
Reserve Availability: Semi-monthly.
Additional Fees: None.
602-535-5984
602-535-5984
4530 E. Shea Blvd., Phoenix, AZ
Robyn Barrett of FSW Funding
"FSW Funding is a national lender focused on offering fast, flexible and innovative funding options to US based businesses."
Robyn, Managing Member

FSW Funding is a Phoenix based factoring company that has been delivering outstanding customer service to its clients since 2001. FSW is known for providing flexible and affordable factoring services to startups, growing businesses and credit challenged companies. They give you their complete attention with a personal one-on-one client relationship. FSW offers quick approvals, no long-term contracts, no monthly minimums, and you don't have to factor all your company's invoices. They also provide an online client portal for account management and reporting.

Financial Information:

Minimum Credit Facility ($): 50,000
Maximum Credit Facility ($): 3,000,000
Advance Rate (%): 80-85%

Terms of Service:

Application and Start-up Fees: Usually $250 - $500 deducted from the first funding.
Contract Length: No long-term contracts.
Cancellation Fee: No termination fee.
Monthly Minimum: No, there is no minimum and no penalty fees.
Factor All Invoices: No, you can choose which customers and invoices to factor.
Reserve Availability: Weekly unless requested more often.
Additional Fees: Wire charges of $20 and ACH $5.
843-277-6449
843-277-6449
900 Wando Park Blvd., Mt Pleasant, SC 29464
Bernard Linney of SouthStar Capital
"SouthStar Capital provides custom financing solutions to businesses nationwide, who are in rapid growth mode, new in business, have poor financial history, or have a weak balance sheet."
Bernard, President

SouthStar Capital is a factoring company headquartered just outside of Charleston, South Carolina. SouthStar is known for delivering top-notch customer service to its clients. They are so committed to your business' success that they provide around-the-clock, 24/7, access to an account manager. Their team of professionals are relationship-oriented so that you get the attention you deserve. SouthStar serves a wide range of industries including manufacturing, business services and staffing. You don't pay monthly minimums and you don't have to factor all your company's invoices.

Financial Information:

Minimum Credit Facility ($): 50,000
Maximum Credit Facility ($): 5,000,000
Advance Rate (%): 70-90%

Terms of Service:

Application and Start-up Fees: $0 - $500.
Contract Length: Depends on Client. Typically 1 month to 3 years.
Cancellation Fee: Varies by Client.
Monthly Minimum: No set monthly minimums are charged.
Factor All Invoices: No, we are flexible and allow you to pick the invoices you want to finance.
Reserve Availability: Reserves are cleared once a week.
Additional Fees: No other fees.

Choosing a factoring company

industry

Factoring companies typically fall into 3 categories when you're looking at various industries. First, there are the majority of factoring companies that provide invoice factoring to industries such as manufacturers, distributors, business services, and staffing. Second, you have freight factoring companies that focus solely on factoring for trucking. Third, there are the factoring companies that specialize in niche industries like construction, healthcare and foreign receivables. FactoringClub has over 100 factoring company listings categorized by industry.

Customer Care

The best factoring companies offer excellent customer service. You want to work with friendly, knowledgeable and experienced people. Good factoring companies hire and retain good workers. Sales people should be friendly and transparent. Account managers should be responsive and attentive to your everyday needs with your invoices and customers.

Factoring companies must have good customer service.
Find a factoring company in your industry.

Terms and Features

Good factoring companies offer reasonable rates and favorable terms such as no long-term contracts, no monthly minimums and they don't require you factor all your company invoices. Factoring rates typically range anywhere from 2% to 5% depending on your sales volume, receivable days outstanding and overall risk. If your business experiences frequent fluctuations in revenue then avoid monthly minimum payments. You also don't want to factor all your invoices if you don't need the funds. You may want to factor only your slow-paying accounts or specific customers.

Local factoring services

After you narrow your selection of factoring companies based on your industry, you may prefer a factoring company located in your city or state. FactoringClub provides the information you need with over 100 factoring companies located in most major cities and states. We have listings categorized by state and major city. Our search capabilities make it easy for you to select your industry and state and so you can focus on nearby factoring companies.

FactoringClub is the most comprehensive source of information for invoice factoring companies. FactoringClub helps you find the right factoring company. Search our listings or call our factoring experts at (866) 748-7111 for assistance.