| Rank | Factoring company | Rating | Highlights | Apply now |
|---|---|---|---|---|
| 1 |  |
5/5 |
American Receivable
|
Request Quote |
| 2 |  |
4.9/5 |
Riviera Finance
|
Request Quote |
| 3 |  |
4.4/5 |
Breakout Finance
|
Request Quote |
| 4 |  |
4.3/5 |
AmeriFactors
|
Request Quote |
| 5 |  |
3.7/5 |
Porter Capital
|
Request Quote |
American Receivable
-
Best for Oil and Gas Industry.
-
Low Rates! As low as 0.8% with 95% advance.
-
No long term contracts. Next Day Funding.
-
No monthly minimums or maximums.
-
Salt of the earth people, doing great work since 1979.
Riviera Finance
-
Specialized in Trucking and Freight
-
Verifies and pays within 24 hours
-
In business since 1969
-
Over 25 offices in the US and Canada
Breakout Finance
-
Ability to fund within 72 hours
-
Up to 95% advance rate
-
Up to $10M Credit Limits
-
Real-Time Collection Insights
AmeriFactors
-
Fees starting as low as 2%
-
Can fund in as little as 24 hours
-
30 years in the business
-
Limited information on their site
Porter Capital
-
Credit lines up tp $25M
-
Rates as low as 0.75%
-
Funding in as little as 24 hours
-
Offers other types of financing
American Receivable is the best in the industry! They are super professional and can guide any potential client in the right direction for factoring! Their many years in business and their ability to diagnose and serve factoring clients is amazing!
Wes
25 - ago - 2023
We’ve been partners with American Receivable for over five years. Jack, Brad, and Dakota always pull through when it comes to getting funding for our Dallas staffing company. They make invoice factoring easy and pain free!
Leon
14 - Feb - 2024
Our company has been working hand in hand with American Receivable for over a decade and could not ask for a more attentive and collaborative company to do business with. They fund quickly and are extremely easy to get in touch with if necessary.
Angela
16 - Jun - 2024
We have been with American Receivable now for 3.5 years and have had nothing but great service from Jack and his team over there. We've worked with Brad and Sarah over the years and they have been nothing but fully supportive with our needs.
Steven
20 - Jan - 2024
I’m happy to review American Receivable! Our nurse staffing company was just getting off the ground. Brad took the time to explain and made sure we understood every step. With AR, our agency makes every payroll and is adding new customers.
Joven
30 - May - 2022
Our Rating
About us
Hey there, Business Warriors!. Welcome to the the place where cash flow woes come to an end. We’re not just another site on the internet; we’re your dedicated researcher in the world of factoring.
Our mission? To shine a big, bright, light on the best factoring options out there. How? By pooling the collective wisdom of those who’ve been there, done that: the owners and operators who know the difference between a great factoring deal and trap. We’ve seen the good, the bad, and the “what the heck were they thinking?” when it comes to factoring companies.
We’ve lived the life — dealt with the late payments, the nail-biting before payroll day, and the sheer relief of finding a factoring partner who actually gets it. You keep on building great companies, we’ve got your back when it comes to choosing a factoring partner.
FQAs
Factoring is a financial transaction where a business sells its accounts receivable (invoices) to a third party (called a factor) at a discount. This allows the business to receive immediate cash flow instead of waiting for the payment terms of the invoice to be met. Factoring is commonly used by businesses to improve cash flow, manage operations, and invest in growth.
-
Recourse Factoring: In this type of factoring, the business is liable if the customer does not pay the invoice. If the customer fails to pay, the factor can demand the business to repay the advance received.
-
Non-Recourse Factoring: Here, the factor assumes the risk of non-payment by the customer. If the customer fails to pay, the factor absorbs the loss. This type of factoring generally has higher fees due to the increased risk to the factor.
Factoring rates, also known as discount rates, are the fees charged by the factor for purchasing the invoices. These rates can vary based on several factors:
-
Invoice Value: Higher-value invoices may have lower rates.
-
Creditworthiness of Customers: Better credit ratings of customers can result in lower rates.
-
Industry: Some industries are considered higher risk and may have higher rates.
-
Volume of Invoices: Higher volumes of invoices may attract lower rates due to economies of scale.
-
Factoring Type: Non-recourse factoring typically has higher rates than recourse factoring due to the added risk.
An advance is the initial payment made by the factor to the business upon purchasing the invoice. The advance amount is typically a percentage of the invoice value, ranging from 70% to 90%. The remaining balance, minus the factoring fee, is paid to the business once the customer pays the invoice in full. The advance provides immediate cash flow to the business, allowing it to continue operations and invest in growth
Disclaimer
Our site may receive a commission when you factor with one of the services listed above. What did you expect? We gotta eat too. But that doesn’t mean we’re not being honest with you. Our mission is to connect you with factoring partners that will make your life easier.