Friday, February 09, 2007

Low Factoring Rates


So what is going on with these advertised factoring rates?

Do not get confused or tricked by low advertised teaser rates. If you see 0%, 1% etc for the 1st 30 days asked for the fine print.
1st of all you need to look at your average aging. We see that 30 days in the real world usually means 35 to 45 days. This of course are the fees you will be paying.

Asked these questions when faced with teaser rates:
  • What is the fee schedule for 31 to 90 days?
  • Any monthly fees?
  • Any per invoice fees?
  • Any minimum fees?
  • Any Application or Administration fees?
  • Any renewal fees?
  • When are reserves released?
  • Are invoices bulk assigned?

Also remember to not make the mistake of just shopping rates, see our blog on this topic for some reasons Click this Link

Want a free factoring quote Click this Link

Questions 888-603-0055

Thanks for reading

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