7 Intangibles the Best Business Invoice Factoring Companies Provide
Intangible assets are real, they just aren’t physical in nature. The best business invoice factoring companies are set apart by the added value their intangibles provide.
Speed
Nearly always, the goal of business invoice factoring is to speed up cash flow. When your business can access working capital, it has earned many days, weeks, or even months faster than it might take for customers to pay; it can reinvest in growth more quickly.
The speed and quality of your factoring company matters too! We know that the faster we work, the more effectively we can help you grow your business. Factoring with a company that provides a consistent, high level of customer service saves YOUR company time and money.
Savings
Some business invoice factoring companies advertise low factoring rates and then charge add-on fees in order to increase their revenue. Unfortunately, all of these additional fees reduce your profits.
Our goal is to help you grow your company to the next level. We eliminate hidden invoice factoring costs other factoring companies charge that reduce your profits, from the application process to schedule processing. We offer factoring programs with:
- Fees as low as 1%
- Fast funding – as little as 1 business day
- High advance rates with low holdbacks
- No upfront fees
- No long-term contracts
- No factoring minimums -you choose which invoices to factor
- No add-on or hidden fees
- No application or due diligence fees
- Financing without taking on debt
- Friendly, professional customer service
Trust
Some business invoice factoring companies lock you into long-term contracts with penalties and lengthy auto-renewal clauses. We believe the best invoice factoring companies choose to earn your trust, long-term business, and referrals through their performance.
We don’t require factoring clients to sign long-term contracts, and we don’t have factoring minimums. Factor only when you choose! As the client, you stay in control so that you can always do what you think is best for your business.
Partnership Service Mentality
We want to help you do more business, so you can grow your company to the next level. From the way we structure factoring services that keep you in control to fast approvals and account managers who understand your needs and preferences, we want you to have the tools your business needs to become more profitable and grow.
A “Yes” Culture
We know every business is much more than a credit score or an asset list. From evaluating your application for business invoice factoring services or a potential new customer, credit limit or rate request, as one of the best invoice factoring companies we look for reasons to say “yes!” and say yes quickly.
Added Value
We want to work with you to tailor your factoring services to the unique needs of your company. The best invoice factoring companies add value whenever possible, giving you added value in the form of:
- Credit reports to help you vet new customers – whether you decide to factor their invoices or not
- Manual credit reviews when higher approval amounts are needed
- Articles and tools on our blog to help with business growth, many specific to your industry
- Spot factoring and micro factoring
Savvy
Collectively, our team has years of hands-on experience in business invoice factoring. We put our knowledge and skills to work on behalf of our factoring clients day in and day out, helping to spot potential problems before they adversely affect your business. Our experience also gives us insights that lead to faster approvals – experience we would love to put to work for you.
If you’re ready to work with one of the best invoice factoring companies in the U.S., we would love to partner with you and help you grow your business. Take the first step and request a free, no-obligation quote.
