If you work with a factor that understands

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Factoring is not a quick solution to get your money immediately. It is rather a short-term financial device. There are several criteria that you must take into account to choose the best factoring company. Article Summary: 1 Your sector of activity 2 Costs and durations of factoring 3 Quality of service 4 Factoring contract with recourse or without recourse 5 The reliability of the factor Your sector of activity There are many factoring companies out there.


You should therefore make sure that the factoring company has a good knowledge vp r&d email database and understanding of your business sector. Large factoring companies usually have a large number of clients and many references. your business and its operating process, the factoring procedures will be more likely to be completed on a regular basis.


This is why it is crucial to choose a factor that knows your business well. Factoring costs and durations You should know that the factoring rate depends on the factor you choose. By consulting the site you will see that the factoring percentages they charge you generally vary depending on the amount of receivables you hold.