Partnering with the right company determines your success in implementing Factoring as an effective financing solution. From customer service to the different types of Factoring, here’s what you have to look for in a Factoring company.
One of the main reasons why companies use Factoring is because it offers them greater flexibility. However, working with a Factoring company that imposes rigid terms may defeat this purpose. When choosing a Factoring company, inquire about the nooks and crannies of their processes. Is there a minimum funding amount? And what if you need to increase your funding limit?
At ACS Factors you get all the flexibility you need to grow your business with ease. You get approved in hours, not days or weeks. Additionally, we offer month-to-month deals, there’s no minimum funding, and your funding limits are easy to increase.
Customer service is usually a deal-breaker when it comes to choosing a company to work with. This is especially true for Factoring because here great customer service goes beyond the treatment you receive yourself. The Factoring process involves contacting your clients, so you want to make sure to choose a company where professionalism, efficiency, and attention to detail are top priorities.
At ACS Factors you get all that and so much more. A dedicated personal account executive will work with you to ensure that we always exceed your expectations. Plus, customer satisfaction is so important to us, that our clients can always talk to the owner/CEO of the company. It doesn’t get more personal than that!
As you go through your options for Factoring, pay close attention to the fees and additional costs you would agree to by signing a contract. Only after considering this aspect can you determine whether a deal makes sense for you and your business.
When you choose ACS Factors, you get fair and transparent Factoring: We don’t have deposit or application fees, there’s no early termination fee (ever!), and there are no fees if you don’t Factor.
Recourse or Non-Recourse?
Finally, it’s important to understand the difference between the two main types of Factoring: Recourse Factoring and Non-Recourse Factoring. With Recourse Factoring, you commit to buy back any invoice that the Factoring company is unable to collect from your clients. With Non-Recourse Factoring, on the other hand, the Factoring company absorbs the risk for any non-payment, meaning that you are not liable if your customers don’t pay.
ACS Factors is a Non-Recourse Factoring company, so we take the risk if your customer cannot pay—our loss, not yours!
ACS Factors: We Turn Your Invoices Into Immediate Cash
At ACS Factors, we help you get the capital you need to move your freight business forward. We are located in Upland, California, and have many clients in the distribution and logistics corridor which includes Ontario, Riverside, Fontana, Jurupa Valley, and Moreno Valley.
Reach out today by email (firstname.lastname@example.org) telephone (909-946-5599), or through our social media accounts on Facebook, Twitter, and YouTube, and start converting your accounts receivable into cash today!