We reviewed lenders based on 16 data points in the categories of factoring details, costs, eligibility and accessibility, customer experience and the application process. We chose the best lenders based on the weighting assigned to each category:

  • Loan details. 30%
  • Loan cost. 25%
  • Customer experience. 20%
  • Eligibility and accessibility. 15%
  • Application process. 10%

Within each major category, we also considered several characteristics, including available advance rates, financing amounts and applicable fees. We also evaluated each company’s customer support tools, borrower perks and features that simplify the borrowing process—like online applications and mobile apps.

Where appropriate, we awarded partial points depending on how well a factoring company met each criterion.

To learn more about how Forbes Advisor rates lenders, and our editorial process, check out our Loans Rating & Review Methodology.

Find the Best Small Business Loans of 2024

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Last Update: July 10, 2024

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