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Affiliated Funding Corporation Invoice Factoring Review
Affiliated Funding Corporation is a company offering invoice factoring for a wide range of industires, including agriculture, construction, food and beverage, government contractors, manufacturing, staffing, small business, and more. They were founded in 1996 and are headquartered in Salt Lake City, UT.
One of Affiliated Funding Corporation’s strongest advantages is they provide funding incredibly quickly once you factor an invoice. You can use this capital to meet payroll, invest in new technologies, or anything else that might help grow your business.
Affiliated Funding Corporation has the added benefit of the fact that they operate a very easy to use website, which lets customers know the important information they’re looking for when researching factoring companies. Our research equates this with a higher level of customer service.
Finally, they don’t have the same fees many other factoring services rely on. As a result, they gain a few points in our review because fewer fees means simplier and more predictable pricing for customers, which is a much better business situation.
However, there are some issues with Affiliated Funding Corporation. The first is they only offer recourse factoring. This means if a client doesn’t pay their invoice the factoring service will charge back their initial funding, an event which can leave many businesses in a capital crunch.
Affiliated Funding Corporation also loses points because they lack the information that businesses interested in factoring need to be able to compare their services to their competitors. As a result, we don’t have the information we need to do a fair apples apples comparison, costing them points in our review.
Finally, they don’t give the impression of professionalism that you would expect from a company providing finanical or business services. This takes them down a bit compared to other companies we’ve looked at.
Affiliated Funding Corporation are a good choice for your invoice factoring needs. The fact that they let you bill on your own letterhead will make many companies feel at ease with their services, but their lack of transparency keeps them out of the top invoice factoring companies.