When your business needs working capital assistance, and you are considering an invoice factoring company, it is important to look at several different companies and pick the one that best fits the needs of you and your company. Finding the right fit is just as important as finding the right team members for your business because your factor will be dealing directly with your customers and your creditors. Here are some things to consider:
The Factoring Company’s Experience
A jack-of-all-trades is a master of none. When you want the best results you go to a specialist, not someone who dabbles in a little bit of everything. At CapitalPlus Financial Services we are construction specialists and our program is designed specifically to fulfill the working capital needs of contractors, subcontractors, and commercial construction trades of all kinds. We know the complexities of construction and can handle progress billings, “paid-when-paid” language, lien waivers, retainage, and more. And we have been doing it for over 25 years.
Their Terms and Fees
One size does not fit all and a cookie-cutter approach to factoring doesn’t make sense. For each company customers vary, their jobs vary, and subsequently, their needs vary. Many factoring companies require burdensome and long-term commitments from their clients, but not CapitalPlus Financial Services. Our clients use our service on an as-needed basis. If they need assistance, they call us. We don’t require them to meet monthly quotas, sign long-term contracts, or force them to factor all of their invoices. They know their working capital needs better than anyone, and we let them control what and when they factor.
The Factoring Company’s Customer Service
You need a factoring company that is going to treat you as a partner and continue your high level of customer service when dealing with your customers. Our clients are our number one asset. When they’re successful, we’re successful. We do this by providing the best service possible to our clients and their customers. We treat each with the utmost care and consideration, and we value the long-lasting relationships we build with each.
Find out how we can support you. Reach out today.Back to blog