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invoice factoring company reviews

AGR Financial Invoice Factoring Review

AGR Financial Invoice Factoring Review

Overview

AGR Financial is based in Edison, NJ. They opened their doors in 1995 and offer invoice factoring services for companies in the healthcare, staffing, and service industries. In addition to invoice factoring, they also offer payroll services and advanced funding products that many businesses may find appealing.

Pros

One of AGR Financial’s strongest advantages is they received excellent marks for customer service. We found their representatives to be well informed and knoweldgeable, and were able to answer our questions. Better customer service usually leads to better customer satisfaction according to our researc

AGR Financial is also strong in 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 can help many different companies find the right factoring solution for their specific needs. This is because their service is very flexible and can accomadate the issues that many different businesses face.

Cons

However, there are some issues with AGR Financial. The first is they only provide recourse factoring, leaving your company at risk of a large chargeback if your client doesn’t pay their bill. This situation can result in cash-on-hand issues for many businesses and we don’t recommend if non-recourse factoring is an option.

AGR Financial also loses points because they fail to provide clear, detailed information about important aspects of their services, forcing businesses to call them for more details. Our research generally equates this with lower marks for customer satisfaction and service.

Finally, they don’t work with companies other than those in the industries they specialize in. This limits their appeal, and while it doesn’t mean that they are a bad service, it does knock them down a bit in our review of invoice factoring services.

Verdict

AGR Financial are a mediocre choice for invoice factoring. They are work comparison shopping with if you are in their target industries, but the lack of information on their site makes them hard to move to the top of the list.