Factoring companies who’s the best for your business-
1.
2. We tried all the
top factoring
companies and
narrowed it
down to three.
3. Based on
Together, they cover the widest range of
features needed by small businesses.
Qualification How Much Can
You Borrow
Timeframe Advanced Cash
For You
9. Overcome
cash flow
gaps with
large amounts
of money
Don’t
have to pay
week over
week
Allows to
convert unpaid
invoices into
immediate
working
capital
Full Review Here
11. Advances
100% of invoice
vaule. Pay in
12 weeks
installment.
No credit
check is
required.
At least
6 months of
accounting
history to
qualify.
Full Review Here
13. Factoring
rates range
from 1.5%
to 5%/mo.
Advance
from 70 to
98.5% of
invoice
upfront
Like a
traditional
invoice
factor
Pricing
structure is
based highly on
industry and
volume.
Full Review Here
16. Two requirements
that apply across
the board are:
2. Your customers mustbe creditworthy.
1. Must invoice customersfor goods or services.
Full Review Here
17. US-based business with at
least 6 months in operation
Use a supported
bookkeeping application
to send invoices
No personal credit check
is required
Full Review Here
18. US-based business & sell
products/services in the US
or Canada
Invoices must be
due/payable within 90
days or less
Works with startups. Does not
work with medical or
health businesses
Have at least
530 credit
score
Full Review Here
19. Clients must have good
commercial credit.
Invoice must be due and
payable within 90 days or less
Invoices must be free of
encumbrances/liens.
Full Review Here
21. You can be approved within
hours
Funds takes 1-3 business
days to reach your account
You select which invoices you
want to submit for funding.
Full Review Here
22. Your first invoice for funding
can be approved within 1
business day
Funds take 1-3 business
days to reach your account
Bluevine offers ACH (Free) and
Wire Transfer ($15/wire)
Full Review Here
23. You must apply by phone to
get a quote and send required
docs via email, fax or mail
Approval process takes
about 1 week.
Funds takes 1-3 business
days to reach your account
Full Review Here
25. As you repay,
you can continue
to borrow against
your credit line
Credit line
represents the
max. amount of
capital you can
borrow at once
Credit lines of
$100 to $25,000
Full Review Here
26. Credit lines of
$100 to $25,000
As you repay,
you can continue
to borrow
against your credit
line
Credit line
represents the
max. amount of
capital you can
borrow at once
Full Review Here
27. They
advance you
70 - 98% of
the invoice
upfront
It depends
on the size of the
transaction, industry
and other risk
parameters
You’ll receive the
balance of the
invoice when your
client pays
Full Review Here
29. 1.5% to 5%
per month
Learn more about Length
of factoring period and
Advance rate Here.
Discount
Rate
30. Conclusion
Based on their superior
service if you need above
or under $25k
respectively.
After reviewing the top
factoring companies we
chose Bluevine &
Fundbox as the best
companies