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Does your business need cash? Invoice factoring might be the solution.
Many organizations are busy with work but still have cash flow problems. This is especially true for businesses that complete jobs on credit and have a slow receivables process. Invoice factoring can turn unpaid invoices into cash, which helps organizations maintain the cash flow required for operational costs.
But before you consider invoice factoring as a solution, you must choose a factoring company.
Which factoring company is the best? This guide contains recommended use cases, advantages, and potential drawbacks of the top eight options on the market today.

BlueVine
Best for Large Factoring Lines
If you make more than $10,000 per month, have a FICO score of 530 or better, and have a large number of outstanding invoices, BlueVine is an excellent option to consider. With it, you can get up to $5 million with rates starting as low as 0.25% per week, and you can get started in as little as ten minutes. Most approvals are processed within 24 hours, so you can get started as soon as possible.
The Best 8 Options to Consider:
- BlueVine — Best for large factoring lines
- Riviera Finance — Best for fast funding
- Paragon Financial — Best for small businesses
- American Receivable — Best for businesses with poor credit
- Triumph Business Capital — Best for staffing companies and government contractors
- Breakout Capital — Best for startups
- altLINE by The Southern Bank — Best for bank invoice factoring
- RTS Financial — Best for industry-specific factoring
When it Makes Sense to Invest Into a Factoring Company
It only makes sense to invest in an invoice factoring company if your business is running low on cash. If expenses and bills are due and you’re waiting on payments from outstanding invoices, a factoring company can get you the funding you need.
B2B companies that are continuously receiving late payments from clients can definitely benefit from invoice factoring.
Invoice factoring is not a traditional loan. So, it’s not a viable option to raise capital for a new venture. With invoice factoring, you’re essentially “selling” outstanding invoices to a factoring company. That company pays you a chunk of the invoiced amount right away, usually 80-90% of its value. The factoring company then collects the customer’s payment and pays you the remaining balance, minus the factoring fee.
Some factoring companies are really flexible and don’t require you to factor entire ledgers. In these situations, businesses can factor just one or two invoices on-demand whenever they are short on cash.
Businesses that don’t have cash flow problems don’t need to worry about finding a factoring company. Even if you have outstanding invoices, it’s not worth the added fees if you can afford to wait for payments.
#1 – BlueVine Review — The Best for Large Factoring Lines

BlueVine
Best for Large Factoring Lines
If you make more than $10,000 per month, have a FICO score of 530 or better, and have a large number of outstanding invoices, BlueVine is an excellent option to consider. With it, you can get up to $5 million with rates starting as low as 0.25% per week, and you can get started in as little as ten minutes. Most approvals are processed within 24 hours, so you can get started as soon as possible.
BlueVine is one of the most reliable and reputable factoring solutions on the market today. For those of you with large sums of outstanding invoices, BlueVine will be a top choice to consider.
They offer factoring lines up to $5 million with rates starting at just 0.25% per week.

Getting started is easy. You can fill out an online application in less than ten minutes. Then BlueVine will review your information and contact you with a decision. Approvals are often processed within 24 hours.
BlueVine syncs with accounting software, so it’s easy to select invoices that you want to factor. Alternatively, invoices can be uploaded directly to your BlueVine dashboard. They typically pay working capital loans of up to 85-90% of the invoice amount.
You must meet the following minimum qualifications to apply:
- Your business operates as B2B
- $10,000 minimum monthly revenue
- 530 minimum FICO score
- At least three months in business
BlueVine has helped large brands like Walgreens, Groupon, Office Depot, and Sephora with invoice factoring. If you’re a B2B seeking large factoring lines, look no further than BlueVine.
#2 – Riviera Finance Review — The Best for Fast Funding

Riviera Finance
Best for Fast Funding
If you’re a small to midsize business looking for an easy way to get cash fast, Riviera Finance is our top recommendation. Most businesses receive cash within 24 hours after invoices are submitted, making it one of the speediest options on our list. Plus, you can get up to 95% of your invoice amounts with non-recourse factoring and funding on demand. Join 1,400+ other businesses today!
Riviera Finance has been helping businesses with invoice factoring for 50+ years. They serve over 1,400 clients and manage 20,000+ customer accounts every month.
This is a top solution for small and medium-sized businesses that need cash fast.

What makes Riviera Finance unique compared to other solutions on the market is its ability to provide quick funding. Businesses can receive cash within 24 hours after invoices are submitted. It takes other factoring companies that long just to review an application.
Riviera Finance works with a wide range of B2B organizations, including transportation companies, oil and gas businesses, wholesalers, manufacturers, and temporary staffing agencies.
Other top reasons to use Riviera Finance for invoice factoring include:
- Non-recourse factoring
- Get paid up to 95% of the invoice amount
- Funding on-demand
- No debt
Overall, Riviera Finance is a full-service factoring company. In addition to invoice factoring, they handle receivables management and credit services as well. If you need cash ASAP, Riviera Finance should be at the top of your list.
#3 – Paragon Financial Review — The Best for Small Businesses

Paragon Financial
Best for Small Businesses
Traditional loans are usually pretty tricky for entrepreneurs and small businesses. However, Paragon Financials specializes in making invoice factoring a breeze for smaller businesses with tons of educational materials and quick, painless processes regardless of how small you are. You can get anywhere from $30,000 to $10 million per month with up to 90% advances and a free dedicated credit manager to help you out along the way.
Paragon Financial is a non-recourse factoring company that has been helping businesses for more than 26 years.
Since launching back in 1994, they’ve provided $2+ billion in funding to over 2,200 businesses.

Entrepreneurs and small businesses typically have difficulty getting traditional loans, and Paragon Financial makes invoice factoring an easy process, plus provides a lot of useful documentation and resources on their site.
In addition to invoice factoring, Paragon Financial provides other alternatives to bank financing. Other funding solutions include accounts receivables management, purchase order financing, and credit protection.
So, they can essentially become your company’s one-stop-shop for working capital. These are some of the top reasons why Paragon Financial ranks so high on our list:
- Financing solutions for every industry
- $30,000 to $10 million in fundings per month
- Free credit manager
- Up to 90% advance on invoices
Paragon Financial often works with startups and businesses with tax issues. They offer a “soft touch” service when collecting payments from your customers, so you don’t burn any bridges with your clients.
#4 – American Receivable Review — The Best for Businesses With Poor Credit

American Receivables
Best for Poor Credit
If you’re a business with poor credit, you’ve probably already experienced the pain of trying to get traditional funding. American Receivable helps alleviate that pain by working with businesses that don’t meet the minimum requirements of most other factoring companies. Get up to $5 million with a simple online application today!
Some businesses struggle to qualify for invoice factoring because they don’t meet the minimum qualifications imposed by certain factoring companies.
But American Receivable provides funding to all businesses, even those with poor credit.

This factoring company has been around for 40+ years. What makes them unique is that they don’t focus on the bottom line or credit history of a business when reviewing applications. Instead, they prioritize the creditworthiness of the clients being invoiced.
Here are some other reasons why we recommend American Receivable for invoice factoring:
- Working capital up to $5 million
- Advances up to 95% of the invoice value
- No minimum limits
- Funding as fast as 24 hours
- No debt
- Simple online application
- Not affiliated with any banks
- No upfront fees or due diligence fees
- No long-term contracts
American Receivable has delivered $1+ billion in working capital to 4,000+ businesses. They offer both recourse and non-recourse factoring as well. Rates start as low as 0.8%.
#5 – Triumph Business Capital Review — The Best for Staffing Companies and Government Contractors

Triumph Business Capital
Best for Staffing Companies and Government Contractors
Triumph specializes in helping specific industries, including staffing agencies, trucking companies, freight brokers, and government contractors, get the funding they need. Despite your industry standard of cash flow issues and problems getting paid on time, you can get funds as fast as the same day with no monthly minimums or hidden costs.
Since launching in 2004, Triumph Business Capital has helped 7,000+ small to midsize businesses with invoice factoring.
They typically assist businesses in specific industries, like staffing agencies and government contractors.

That’s because these types of businesses typically have cash flow problems and issues getting paid on time. Triumph Business Capital also has solutions for trucking companies and freight brokers.
Staffing companies will undoubtedly benefit from payroll funding from this factoring company. Other reasons to choose Triumph Business Capital include:
- No monthly minimums
- No risk contracts
- No hidden fees
- Work order factoring
- Funding as fast as same-day
Triumph Business Capital has additional solutions like asset-based lending, equipment financing, fuel cards, back-office services, and more. They can ultimately become a one-stop-shop for multiple business financing needs.
#6 – Breakout Capital Review — The Best for Startups

Breakout Capital
Best for Startups
Don’t meet the minimum time in business requirements for other factoring companies? Breakout Capital doesn’t have those strict requirements, making it perfect for startups and new businesses. Plus, there are no credit score requirements or monthly revenue restrictions. Get up to $1 million with rates as low as 1.25% per month today!
Many factoring companies require a minimum time in business to qualify for funding, making it challenging for startups to take advantage of this service.
But Breakout Capital doesn’t have these strict requirements.

Breakout Capital doesn’t impose a minimum time in business or minimum FICO score to qualify for invoice factoring. There aren’t any monthly revenue requirements either. These more lax qualification terms are perfect for startups that can’t get cash elsewhere.
Companies use Breakout Capital’s FactorAdvantage for the following purposes:
- Short-term bridge loans
- Receive funding prior to receivables ready to factor
- Bank to factor transfers
- Eliminate liens or cash advances
Breakout Capital has a fully transparent funding process. There are never any hidden fees or surprise charges. They also offer business loans up to $1 million with rates starting as low as 1.25% per month.
#7 – altLINE by The Southern Bank Review — The Best for Bank Invoice Factoring

altLINE
Best for Bank Factoring
Prefer to do invoice factoring through a bank? altLINE by The Southern Bank is our top recommendation if you’re looking for an easy way to cut out the middleman and cut costs. Plus, The Southern Bank has been around for over 80 years so you know you’re in good hands. There are no application fees and rates start as low as 0.50% with incredibly fast approvals.
Most factoring solutions are offered by independent factoring companies. But some businesses prefer to work with banks.
If you fall into this category, altLine by The Southern Bank is the perfect factoring solution for you.

The Southern Bank has been around for 80+ years. Factoring your invoices with a bank cuts out the middleman and keeps costs low. By going directly to a bank, you’re getting money from a direct source of funding. Without those additional borrowing costs, The Southern Bank can pass their savings on to their factoring customers.
Here’s why we recommend altLINE:
- No application fees
- Advances up to 90% of the invoiced amount
- Rates starting at 0.50%
- Quick approvals
Since 1936, this factoring company has provided $570+ million in funded invoices. This is a reliable way to get invoices factored directly from a bank. A couple of advantages of invoice factoring with a bank versus an independent company are getting greater security and stability for clients and getting competitive rates.
#8 – RTS Financial Review — The Best for Industry-Specific Factoring

RTS Financial
Best Industry-Specific Solutions
Best known for working with trucking companies, RTS Financial offers its services to a wide range of business types spanning numerous different industries with industry-specific solutions including distribution, manufacturing, textiles, oilfield services, staffing, and trucking. Get up to 97% advances in as little as 24 hours after uploading invoices today!
RTS Financial is another leader in the factoring space. They’ve been providing factoring services for 25+ years.
While RTS Financial is best known for its solutions for trucking companies, they offer invoice factoring to a wide range of business types and industries.

Some of the industries served by RTS Financial include:
- Trucking
- Distribution
- Manufacturing
- Textiles
- Oilfield services
- Staffing
If your business falls into one of those categories, RTS Financial will be a top choice to consider.
RTS Financial offers up to 97% advance rates on invoices, which is the highest we’ve seen when researching the best factoring companies. They don’t have any hidden fees, minimum volume fees, or ACH fees.
It’s easy to upload invoices online, and you can get funded as soon as 24 hours.
Methodology For Choosing The Best Invoice Factoring Company
There are dozens of different invoice factoring solutions on the market today. How can you find the best choice for you and your business with so many options to consider?
Below is the methodology we used to narrow down the top picks listed in this guide. You can use the following factors to weigh your options and compare solutions based on your personal needs.
Funding Amount
How much money do you need?
Some businesses may just want to factor one or two invoices for $5,000 or $10,000 to meet short-term obligations. Other organizations have larger invoices with sums in the millions. Always check the minimum and maximum funding amount when you’re evaluating a potential factoring company.
You should also consider the percentage of the invoice you’ll get upfront as working capital. 90% is decent. But we’ve seen factoring companies offer up to 95% or even 97% of invoice amounts. Make sure the company you select can accommodate your working capital needs.
Funding Time
How soon do you need cash?
If you have past-due bills or need to make payroll, you’ll definitely have a greater sense of urgency. Consider using a factoring company that provides same-day funding or funding within 24 hours of an invoice upload.
Factoring Rates and Fees
As with most business services and loans, the fees and rates vary from company to company.
Don’t overlook hefty fees for access to fast cash. Some factoring companies will surprise you with application fees, transfer fees, service fees, origination fees, and more. But this can easily be avoided by choosing a factoring company with transparent pricing.
Look for a service that only charges the factoring fee. These starting rates can range anywhere from 0.25% to 1.5%.
Recourse vs. Non-Recourse Factoring
Generally speaking, invoice factoring can be segmented into two categories—recourse and non-recourse.
Recourse factoring means your business can be held responsible for the debt if the invoices go unpaid. While these solutions typically come with lower rates and more favorable terms, they are riskier for businesses.
With non-recourse factoring, the factoring company assumes all liability for unpaid invoices. For most businesses, non-recourse factoring is more appealing, even though the rates and terms may not be as budget-friendly.
Whole Ledger Factoring vs. Spot Factoring
Some factoring companies force you to factor all of your receivables, known as “whole ledger factoring.” Other companies provide more flexibility and offer invoice factoring on-demand or what is known as “spot factoring.”
If you want the ability to pick and choose which invoices are factored, spot factoring will be the better option for your business.

BlueVine
Best for Large Factoring Lines
If you make more than $10,000 per month, have a FICO score of 530 or better, and have a large number of outstanding invoices, BlueVine is an excellent option to consider. With it, you can get up to $5 million with rates starting as low as 0.25% per week, and you can get started in as little as ten minutes. Most approvals are processed within 24 hours, so you can get started as soon as possible.
Summary
What’s the best invoice factoring company? It depends on what you’re looking for.
BlueVine is our top pick for businesses seeking large factoring lines. Rivera Financing offers fast funding and access to cash in less than 24 hours. Paragon Financial is our top pick for small businesses. If your business has poor credit, use American Receivable.
For industries like staffing, trucking, and government contracting, use Triumph Business Capital or RTS Financial.
Breakout Capital is our top pick for startups. If you’d rather work with a bank instead of an independent factoring company, check out altLINE by The Southern Bank.
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