The New Year is the perfect time to evaluate if you are getting the most out of your invoice factoring company.
Are you already factoring your invoices as a means of improving your means of cash flow? Yes? Congratulations! You are on a great path to growing and keeping your business successful.
Now, do you know if you are getting everything you deserve from your factoring company? If you paused, maybe it’s time to take a look at evaluating your terms with your current factoring company.
Factoring Company Protocols and Benefits
Each invoice factoring company has different protocols. To understand your benefits correctly, it is important to know what your factoring company is required to tell you per your contract. Below are some questions to ask yourself to determine if you are getting what you deserve.
• Is your contract transparent?
• Are there any hidden fees?
• Are you required to factor all of your invoices or are you allowed to pick and choose?
• Do you have a monthly minimum that you must factor?
• Are you receiving the best rate they can offer based on the volume and value of your invoices?
Why Choose Us for Your Invoice Factoring?
Working with a company like American Receivable, that is transparent about all of the costs your contract will allow you to capitalize the most for your business and provide a positive relationship with your factoring company. Click here to learn more about American Receivable Corporation.
You may also call us at 1-800-297-6652 or click here to receive a no-cost, no-obligation quote. In most cases, we’re able to provide funding in as little as 24 hours.