Choosing a Factor
Two of the most important business decisions you'll ever have to make:
-
Whether or not to factor your receivables
-
Who to choose as your factor
(A check list with a few warnings):
- Not all factors operate the same way
(check with us before signing)
- Some factors rates may appear reasonable, but the way in which they charge their fees render them expensive and unreasonable
(check with us before signing)
- Daily operating procedures vary from factor to factor...
(check with us before signing)
- Complicated or unreasonable procedures by a factor can cause difficulties and damage to your business
(definitely check with us before signing)
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