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Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.

Invoice Factoring Comparison

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Customer SupportExcellentExcellentExcellent
Ease of ApplicationExcellentGoodGood
Borrower Qualifications
Required Time in Business9 monthsN/A12 months
Required Credit Score550N/AN/A
Required Business RevenueN/AN/A$500K/year
Product Details
Product TypeBusiness finance aggregator; offers invoice factoring/financingInvoice factoringAsset-backed Line of Credit
Credit Facility SizeVaries$5K - $2M$250K - $1M
Advance RateVariesUp to 95%N/A
Max Overdue AccountVaries60 daysN/A
Discount or Interest RateVariesStarts at 2%High teens
Additional FeesVariesPossible early termination fee1.5% origination fee; possible early termination fee
Contract LengthVariesUsually 6 months1 year
Monthly Minimums/MaximumsVariesNoneN/A
Factor All Invoices?VariesNoN/A
Recourse or Non-recourseBothNon-recourseN/A
Notification or Non-notificationBothNotificationN/A
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The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation.

Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships.

Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

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