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All factoring companies are NOT the same!
On the face of it factoring is factoring. But research shows that the services, pricing and support vary considerably.

If you are considering factoring or invoice discounting, then make the time to look at a few different companies. Before you start looking, make a list of the criteria that you consider essential in a factoring relationship. Do you need personal support, is cost a key issue? Why are you considering talking to the factor companies? Is your bsuiness expanding or do you need cash? All of these factors will affect which company will suit you best.

Free guide to online banking.
"Banking online helps you take control of your business finances. It lets you do more, at a lower cost and with less effort, than traditional banking approaches".
Download the whole DTI online banking guide here.
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Haggling with the factors

Factoring agreements are flexible - always. So never sign on the dotted line until you have discussed costs and charges.
When looking at factoring quotes, many people think about negotiating over the discount percentage but remember that the fees and charges can add up. Why not get these on the negotiating table as well?

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