The longer you run your own company, the more you value a partner that is on your side and is always honest about what they can deliver. For a growing business, choosing the right factoring company can be the difference between continued growth and hitting a wall.
Invoice factoring companies have traditionally been independently owned and operated. The owner of the factoring company taking special interest in their client’s success. Now, more and more Wall Street hedge funds and publicly traded banks are offering factoring services. These factoring departments are infamous for trading clients, having no customer service, and limiting their clients to reduce their risk. Instead of setting limits on your customers, bank owned factoring companies set a limit on your company and will not grow past it. Regardless of new opportunities to make money! To qualify for factoring from a bank owned, or web based factoring company, the business owners must submit years of personal and corporate tax returns, pay application and underwriting fees, then wait for a committee that you’ve never talked to decide if you are good enough to take on as a factoring client.
American Receivable remains owned and operated by the original founders. Prospects never pay an application fee and are qualified on the credit strength of their customers, not their credit. Unlike bank owned factoring companies that makes their decision based on your personal credit score and sets a funding limit on your business. Our sales and administrative staff all have strong backgrounds in finance and have been responsible for operating a business. This ensures our clients that even day to day transactions are handled to benefit our client. American Receivable’s longevity is based on our client’s success. To receive your free quote call 1-800-297-6652 or complete our quick online application form.