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Receivable Factoring. How to Choose The Right One For You.

Each receivable factoring company operates slightly different. It is important to understand which programs provide the greatest benefits and at the least cost. Several criteria should be addressed when searching for a reputable receivable factoring company. Are there setup fees, maintenance fees or penalty fees? Is there a long term contract? Are there monthly minimums? Does the receivable factoring company provide credit and collection services at no additional charge? What accounting reports will the factor supply? What value-added services does it provide?

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