Invoice Factoring Comparison
We've Helped Over 1 Million Business Owners Since 2009
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Customer Support | Excellent | Excellent | Excellent | Excellent | Excellent |
Ease of Application | Excellent | Excellent | Excellent | Good | Good |
Borrower Qualifications | |||||
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Required Time in Business | 3 months | 9 months | N/A | N/A | 12 months |
Required Credit Score | 530 | 550 | N/A | N/A | N/A |
Required Business Revenue | $10K/month | N/A | $50K/year | N/A | $500K/year |
Product Details | |||||
Product Type | Invoice factoring | Business finance aggregator; offers invoice factoring/financing | Invoice financing | Invoice factoring | Asset-backed Line of Credit |
Credit Facility Size | $20K - $5M | Varies | Up to $100K | $5K - $2M | $250K - $1M |
Advance Rate | 85% - 90% | Varies | 100% | Up to 95% | N/A |
Max Overdue Account | 12 weeks | Varies | 90 days | 60 days | N/A |
Discount or Interest Rate | 0.25% - 1.7% per week | Varies | $52 - $82 for every $1K | Starts at 2% | High teens |
Additional Fees | None | Varies | None | Possible early termination fee | 1.5% origination fee; possible early termination fee |
Contract Length | N/A | Varies | N/A | Usually 6 months | 1 year |
Monthly Minimums/Maximums | None | Varies | None | None | N/A |
Factor All Invoices? | No | Varies | No | No | N/A |
Recourse or Non-recourse | Recourse | Both | N/A | Non-recourse | N/A |
Notification or Non-notification | Both | Both | N/A | Notification | N/A |
Apply Now | Apply Now | Visit Site | Visit Site | Visit Site |