Looking for the right factoring company can be confusing. The Web is full of companies that advertise seemingly cheap rates that, at first glance, look very attractive. If you look carefully, however, you soon realize that many of these rates seem too good to be true. So you have to wonder – are you getting the whole picture? Or is something missing?
Are these low rates for real?
Most factoring providers advertise their rates, but few ever mention how their rates actually work. This omission often leads to confusion and, ultimately, disappointment.
You may think that you are getting a very low rate, only to find out that the rate applies only to invoices that pay very quickly – say, in 10 days. Well, if your invoices paid THAT quickly, you wouldn’t need factoring, right?
That’s why we prefer to advertise 30-day rates, since most invoices get paid in 30 to 45 days. This approach gives you a good idea of your cost, which is the only thing that matters.
And yes, we can prorate our costs to cover invoices that pay before or after 30 days.
How fast will you really get your money?
Some providers advertise that they can send money to you within hours. For the most part, that claim is accurate. What they often don’t mention is that they can only send your money quickly after your account has been set up. And, by the way, setting up an account often takes a couple of days. So, the initial advance can take a few days to reach you. After that, however, most advances can be wired quickly.
But don’t take our word for it. Ask our competitors when you call them. It’s a simple question: “When will I get my money? Your ad said…”
Are we the right company for you?
Maybe. We certainly hope so. We have:
- been in business since 2003
- built a large client base
- developed expertise in a number of industries, such as services, transportation, energy, construction, medical, manufacturing, and technology.
And we have have been around this long for one reason: we believe in treating our clients well.
But the only way to really tell if we are right for you is to talk to us. Get a quick quote from us and speak with one of our credit managers. Then, decide for yourself if we are right for you.
Get a quick quote!
We encourage you to shop around and find the best factoring company for your business. We also ask that you give us the chance to earn your trust – and your business. If you would like an instant quote, please fill out this form at the top and click “Get Quote Now!” You will receive an approximate quote in seconds with NO COMMITMENT on your part. Or, you can call us toll-free at (877) 300 3258.