Factoring companies who’s the best for your business-

We tried all the top factoring companies and narrowed it down to three.

Based on

Together, they cover the widest range of features needed by small businesses.

Qualification How Much CanYou Borrow

Timeframe Advanced Cash For You

∂Best

Factoring Companyfor more than $25K

Apply forBlueVine

NOW

∂Work with new businesses.

Reasonable prices. Higher credit lines requested = better price.

Full Review Here

∂Best

Factoring Companyfor under $25K

TryFundbox

NOW

∂Ideal for small, recurring cash

flow gaps. They advance 100% of invoice, pay it off in 12 weeks.

Full Review Here

∂

Why We Chose BlueVinefor more than $25k

credit lines

Overcome cash flow gaps with

large amounts of money

Don’thave to pay week over

week

Allows to convert unpaid

invoices into immediate

workingcapital

Full Review Here

∂Why We Chose Fundboxfor advances under $25k

Advances100% of invoice

vaule. Pay in12 weeks

installment.

No credit check is required.

At least6 months of accounting history to

qualify.Full Review Here

∂When to useCommercial Capital LLC

Factoringrates rangefrom 1.5%to 5%/mo.

Advancefrom 70 to

98.5% of invoice upfront

Like a traditional

invoice factor

Pricing structure is

based highly on industry and

volume.

Full Review Here

∂

BlueVine vs. Fundboxvs. Commercial Capital

In-Depth Review

∂Will I Qualify?

Two requirements that apply across

the board are:

2. Your customers must be creditworthy.

Nextivalets you send a script for their production team to record it professionally

Direct callersto the right department

1. Must invoice customers for goods or services.

Full Review Here

US-based business with at

least 6 months in operation

Use a supported bookkeeping application

to send invoices

No personal credit checkis required

Full Review Here

US-based business & sell

products/services in the US or Canada

Invoices must be due/payable within 90

days or less

Works with startups. Does not

work with medical orhealth businesses

Have at least

530 credit score

Full Review Here

Clients must have good commercial credit.

Invoice must be due and payable within 90 days or less

Invoices must be free of encumbrances/liens.

Full Review Here

∂How Long It Will TakeTo Get Your Money

You can be approved within hours

Funds takes 1-3 business

days to reach your account

You select which invoices you

want to submit for funding.

Full Review Here

Your first invoice for funding

can be approved within 1 business day

Funds take 1-3 business

days to reach your account

Bluevine offers ACH (Free) and

Wire Transfer ($15/wire)

Full Review Here

You must apply by phone to

get a quote and send required

docs via email, fax or mail

Approval process takes

about 1 week.

Funds takes 1-3 business

days to reach your account

Full Review Here

∂How Much Can You Borrow?

As you repay, you can continue to borrow against

your credit line

Credit line represents the

max. amount of capital you can borrow at once

Credit lines of $100 to $25,000

Full Review Here

Credit lines of $100 to $25,000

As you repay, you can continue

to borrow against your credit

line

Credit line represents the

max. amount of capital you can borrow at once

Full Review Here

Theyadvance you

70 - 98% ofthe invoice

upfront It depends on the size of the

transaction, industry and other risk

parametersYou’ll receive the

balance of the invoice when your

client pays

Full Review Here

∂Costs

1.5% to 5%per month

Dont Change the colors

Learn more about Length of factoring period and

Advance rate Here.

DiscountRate

Conclusion

Based on their superior service if you need above

or under $25k respectively.

After reviewing the top factoring companies we

chose Bluevine & Fundbox as the best

companies

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