Shoppers Beware - Competitor Claims.
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"I have been doing business with Advance Business Capital for more than three years and found them to be the best factoring company in the market place. With friendly people, you are treated as a family. They care about your business as their own."
Faisel Amin, Texcom Transportation LLC |
You have a lot of options for freight factoring companies. Some of our competitors offer great products and services. Others will "bait and switch" and put you out of business. If the deal seems too good to be true, it probably is.
Those "Monthly Minimums" can Kill You!
Some factoring companies may offer you incredibly low rates, but with a little catch: Monthly Minimums. If you're business changes, or even if it doesn't, any shortfalls from those Monthly Minimums will continue to accumulate and get added to your contract termination fees. We've even seen competitors stop funding their clients just to build a shortfall trap from which nobody escapes alive. At Advance Business Capital, we're committed to always offering you a factoring program which matches your business needs. No Minimums - No Maximums - No Worries.
It's an important decision.
So ask these questions and get your answers in writing:
- How much do they really know about your business?
- How long before your customers receive the invoice package?
- Do they charge Monthly Minimum Fees?
- What if my business changes?
- Does it affect my Termination Penalties?
- What other fees are involved?
- Application Fees?
- Per Invoice Fees?
- Can you scan your invoices for immediate funding?
- Can you get real-time, online account management?
- Can you get broker credit decisions 24/7?
- Can they help you secure well-paying loads or carriers?
- What kind of Fuel Card programs do you offer?
- Do they offer Purchasing Discount programs?
- Do they endorse the Code of Conduct of the International Factoring Association?
- What does it cost you to leave if you don’t like their services?
At Advance Business Capital, nothing's hidden. Our factoring fees cover credit, collection, and processing. If you’re not 100% happy with our service, we’ll help you find an alternative. And, we guarantee it in writing.