Invoice Factoring Companies

Here are some things the best invoice factoring companies do better than the rest.

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What Do Invoice Factoring Companies Do?

Invoice factoring companies provide multiple benefits to organizations that factor invoices. 

Invoice factoring companies (sometimes called Factors) enable other organizations to get immediate access to working capital tied up in unpaid customer invoices for a small percentage fee (usually between 1% and 5% of the invoice amount) called a factoring fee. The factoring fee is the cost of using invoice factoring as a working capital and cash flow solution.

Invoice factoring companies don’t just help by expediting cash flow. Invoice factoring companies also help reduce organizational expenses and overhead by assuming some – or all – of the tasks associated with performing accounts receivable-related tasks like invoicing and collections. With expedited cash flow and fewer administrative responsibilities, companies that factor invoices can stop chasing customer payments and focus on growing their organization more quickly.

The services provided by invoice factoring companies also facilitate competitive advantages for their clients. Since slow-paying customer accounts are no longer an impediment to cash flow, organizations that factor invoices can also extend more generous payment terms to their customers, creating a competitive advantage for them in the marketplace.

What Sets the Best Invoice Factoring Companies Apart?

There are many small details which set the best invoice factoring companies apart — small details that turn into big advantages when you choose to work with one of the best invoice factoring companies. These are all the same details we incorporate into our invoice factoring program so that we can help our clients grow more quickly.

The best invoice factoring companies have transparent fee structures.

Some invoice factoring companies seem to offer a low factoring fee on the surface; however, when additional fees (application fees, funding and notification fees, account handing and scheduled processing fees, etc.) are tallied up, the cost of factoring invoices with these companies is actually much higher. We never tack on hidden fees; the factoring fee is our client’s all-in cost when factoring with us.

The best invoice factoring companies offer competitive fees and high advances.

Organizations that factor invoices usually do so in order to free up working capital by expediting – or speeding up – business cash flow. High factoring fees, large reserve amounts held back and low advance rates can all reduce the benefits of invoice factoring. We offer competitive factoring fees and high advances so our clients can grow more quickly.

The best invoice factoring companies provide professional customer service and dedicated account managers.

Invoice factoring companies with poor customer service can have a negative effect on your business, since they will be interacting with your customers, too. Having a dedicated account manager means that you will be working with someone who will be held accountable to providing a high level of customer service.  Our account managers work not only to service accounts based on client preferences and strive to learn more about the unique needs of a client’s business, in part, to make sure they are getting the maximum benefits from factoring with us.

The best invoice factoring companies don’t require long term contracts or hidden fees.

When a factoring company is truly delivering when it comes to low fees, high advances, fast funding and professional customer service, they become a true financing partner who is invested in earning repeat business and referrals. Locking clients in to long term contracts or requiring clients to factor a monthly minimum amount of customer invoices may not be what is best for their business. We choose to let our factoring clients factor only when they want to, and don’t require them to sign long-term contracts.

Opportunity Cost Calculator

Use our invoice factoring calculator to determine whether factoring receivables could expedite cash flow in your business.

  • Your Current Total Accounts Receivable
    $1,000 $5,000,000+
  • Your Average Customer Invoice Amount
    $0 $250,000+
  • Advance Rate for Factored Invoices (Advances usually range from 85-98%)
    85% 98%
  • Factoring Fee (Factoring fee usually ranges from 1-5%)
    1% 5%

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  • Expedite working capital tied up in customer invoices, without waiting for customers to pay Working Capital Unlocked $0
  • Average Factoring Fee $0

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Invoice Factoring Companies Help You Access Working Capital

Use the opportunity cost calculator to find out how much working capital you could unlock by factoring invoices with DB Squared.  Have the results emailed to you or request an invoice factoring proposal and get answers in 24-48 hours (or even faster).

Ready to work with one of the best invoice factoring companies?

Request a quick quote and get started today.

Invoice Factoring Companies – Why Choose DB Squared?

Invoice factoring can help companies grow to the next level, and we want to help our clients do just that.

Unlike other factoring companies that tack on hidden costs, who look for reasons to turn you down or jack up your fees, or who disappoint you with bad customer service — we do business differently.

When you choose DB Squared as your Factor, expect:

  • Low factoring fees (as low as 1%)
  • High advances (up to 98%)
  • Free same day funding
  • Great customer service
  • No hidden fees – NONE!
  • No monthly minimums
  • Online access to your account 24×7
  • Experienced, dedicated account managers
  • No application fees, due diligence or credit check fees
  • No requirement to sign a long term contract – we will earn your business and referrals!

In addition to invoice factoring, we also provide other flexible financing tools such as equipment financing and equipment lease financing, semi truck and trailer financing, construction financing, business cash advance or merchant cash advance financing – and more.

Whether you are thinking about factoring invoices for the first time or would just like to get a quote to compare against your current agreement, we would be happy to provide you with an invoice factoring proposal at no cost – and no obligation. Complete the quick quote form above, submit an application for factoring services or contact us at 866-855-3640 to speak with one of our experienced invoice financing experts.