How do you compare fees and rates of different factoring companies?
Factoring is a form of working capital management that allows you to sell your invoices to a third-party company for immediate cash. It can help you improve your cash flow, reduce your credit risk, and focus on your core business activities. However, not all factoring companies are the same. They may charge different fees and rates depending on various factors, such as the size, volume, and quality of your invoices, the industry you operate in, and the level of service they provide. How do you compare fees and rates of different factoring companies and choose the best one for your business? Here are some tips to help you.