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Guide to Choosing an Invoice Factoring Provider


Choosing an invoice factoring provider is a critical decision that can affect your agency's growth and cash flow. This guide offers a checklist of considerations to help you make an informed choice.

Questions to Ask Potential Providers

What percentage of the invoice value will you advance?

What are your service fees?

Do you require long-term contracts?

How quickly can you process an invoice?

Do you offer selective factoring?

Key Terms and Conditions to Look Out For

Length of the contract

Termination fees

Any concentration limits

Confidentiality clauses

Dispute resolution mechanisms

Comparison Table

Provider name

Advance rate

Service fee

Contract length

Additional fees

Hidden Fees to Watch For

Setup costs

Re-factoring fees

Interest on late payments

Auditing fees

Renewal charges

Exit fees

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