Choosing a quality company that buys invoices can be as challenging as trying to guess the number of marbles in a large jar. It can also be tough to separate the good from the bad – this is the very reason we created the Factoring Directory.
There are a lot companies that buy invoices, but even less that are actually funders themselves. Oftentimes, especially on the Internet, there are many companies that simply refer the deal on to a factoring company – taking a fee in the process.
Although working with a consultant or factoring broker certainly has its advantages, at the very least make sure you are dealing with someone that is professional and credible.
Anyone can have an impressive web site that would leave you to believe they are more than capable to handle your factoring needs. The best factoring companies provide you solid information so that you can make an intelligent decision going forward.
What are their fees?
Do they have references?
Do they fund the deal themselves or is the deal sent on to another company?
Will the invoices be recourse or non-recourse?
How long have they been in business?
Are they interviewed by any of the reputable web sites?
Factoring companies in America and around the world offer great services for small and large businesses alike. It is helpful to take time to determine that you are dealing with a professional consultant or funder to ensure your transactions go smoothly.
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