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.

 

 

Characteristics of the Best Business Invoice Factoring Companies

Apart from factoring rates and advance amounts, what factoring companies do – the services they provide – are basically the same from Factor to Factor. Though we offer low factoring rates and high advances with free same day funding, we believe it’s the things you don’t see – the intangible qualities which set our business invoice factoring services apart from the rest – that help our clients the most.

Investopedia describes intangible assets as items which don’t exist in the physical sense, yet “are valuable because they represent potential revenue.” When comparing business invoice factoring companies rates and fees, it’s important to remember that the value they add in the way they do business and how they treat their clients could impact your bottom line, too.

7 Intangibles the Best Business Invoice Factoring Companies Provide

Speed

The goal of business invoice factoring is to speed up cash flow, and it doesn’t get much faster than same-day funding. Our same-day funding is also free, which means you won’t get nicked for an add-on fee that increases the cost of factoring invoices.

In addition, our team works fast and we respond quickly, whether we’re pushing your schedules through for funding, reviewing a new customer or yours or providing you with a free credit report so you can vet new customers. We know that the faster we work, the more we can help you grow your business.

Savings

Some business invoice factoring companies advertise low factoring rates, 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, so we choose to eliminate hidden invoice factoring costs that reduce your profits, from the application process to schedule processing. We have:

  • Program transparency – no hidden fees
  • No application or due diligence fees
  • No charge for processing your factoring schedules or notifying you that the work has been done or your account has been funded

In addition, we work with you to tailor a factoring program so that it’s well-suited to your company’s financial needs; with:

  • Low factoring rates starting at 1%
  • High advances – up to 98%
  • Free same day funding

Trust

Some business invoice factoring companies lock you into contracts for the long term with penalties and lengthy auto-renewal clauses. Not us!

We want to earn your trust, long term business and referrals through our performance. We don’t require factoring clients to sign long term contracts, nor do we have factoring minimums. As our client, you stay in control so that you can always do what you think is best for your business.

 

Partnership Service Mentality

Do More Business is our tagline. We want to help you do more business, so you can grow your company to the next level. From the way we’ve designed our factoring services to keeping you in control to fast approvals and a dedicated account manager that understands your needs and preferences, we want to partner with you to help your business become more profitable and grow.

A ‘Yes’ Culture

We know that every business is much more than a credit score or an asset list. Whether we are evaluating your application for business invoice factoring services or a potential new customer, credit limit or rate request, we look for reasons to say “yes!” and say yes quickly.

Added Value

We want to work with you to tailor your factoring services. As our client you’ll have a dedicated account manager who understands your business goals. In addition, we add value whenever possible throughout our company, giving you added value in the form of:

  • Free access to our online credit reporting database
  • Manually performing free credit checks to help you vet new customers for business opportunities – whether you will factor their invoices or not!
  • Manual credit review if a higher approval amount is needed
  • Hundreds of articles and tools on our blog to help with business growth, many specific to your industry
  • Free enrollment in fuel card and TruckersB2B for transportation factoring clients – with up to $0.10 per gallon fuel savings, savings on tires, oil, and other trucking supplies, maintenance repairs and programs.

Savvy

Collectively, our team has more than 100 years of 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 and debtor credit ratings – 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.  Contact us at 866-855-3640 or complete the form below and get fast answers – you could go from approval to your first funding in hours!

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