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Allegiant Business Finance Invoice Factoring Review
Allegiant Business Finance is an invoice factoring service based in Seattle, WA. They work with a wide range of industries, including agriculture, distribution, government, manufacturing, small businesses, textiles, and trucking. The busines was founded in 2003.
One of Allegiant Business Finance’s best features is they have non-recourse factoring. This means that the factoring company can’t issue a chargeback on money paid out if your client doesn’t pay their invoice. This setup ensures a reliable and predictable revenue stream that will help businesses grow.
Allegiant Business Finance has the added benefit of the fact that 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.
Finally, they have a very professional and easy to use website. Our research indicates that this is a solid predictor of the type of service customers receive, and helps them move up a bit relative to other companies we reviewed.
However, there are some issues with Allegiant Business Finance. The first is 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.
Allegiant Business Finance also suffers because their fees are more than you would expect from an invoice factoring company, and that may be a deterrent for many small businesses. Moreover, fees usually indicate that there might be other issues with pricing transparency or customer service.
Finally, they have some problems with customer service. The complaints we saw alledged they were bad at responding to inquiries, or didn’t provide clear or accurate information to customers.
Allegiant Business Finance is a good choice for factoring for many companies, but you’ll have to call them to secure information about rates and pricing. This takes them out of contention for our top group of invoice factoring companies.