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  • Writer's pictureJVM

How to Pick the Right Factoring Company

Updated: Feb 3

First off, here are the DON’T’S associated with choosing a factor:

Do Not Engage a Factor Who:

  • Charges a fee up front (Appraisal Fees on real estate excepted).

  • Engages you exclusively for longer than 30 days.

  • Will not tell you the payment amount or term to expect.

You do not need a factor if your business provides products or services that take less than one week to produce and if payment is typically received within a week of invoicing.

You Should Consider Working With a Factor If:

  • You are having a hard time making payroll.

  • You are overdue more than 30 days on your payables.

  • You have no reliable cash available for expansion.

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