Top Accounts Receivable Factors For Small Business Loans Under $250K
When it comes to loans for small businesses, all Accounts Receivable Factors are not created equal. There are some accounts receivable factors that specialize in funding small businesses with loan sizes under $250k. What makes these accounts receivable factors better? It usually has to do with how they treat the clients and the systems they use. There is no reason why a small business with a small loan should be subject to the same scrutiny and controls as someone with a larger loan. Financial reporting, complex schedule of assignments, and account reviews take up too much time for such a small loan that it's not worth it. While some small ticket Accounts Receivable Factors are considered to be more expensive, the rates compared to ease of use are not so bad.
Small ticket Accounts Receivable Factors are built to handle a large number(or small number) of smaller invoices. They are quick to fund, usually within 12 hours and the controls and financial reporting are typically nonexistent. While sometimes it feels good to play with the big boys it's not always necessary and can sometimes be overkill. Stick with these top Accounts Receivable Factors for small businesses and you should be OK.
3 Top Small Ticket Accounts Receivable Factors
Star Funding, Inc.
Purchase Order Funding and Factoring for small and medium sized businesses.
- Quick To Fund
- Can start small and grow
- Cheapest of the 3
- Not 100% online
- Small upfront Due Diligence fee
- Small minimum requirement
Online Accounts Receivables Factoring up to $250K.
- 100% Online
- No Upfront Fees
- No Minimums
- Funding Limitations
- Higher Cost
- Limited Flexibility