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Assist Financial Services Invoice Factoring Review
Assist Financial Services is an invoice factoring company that works with the trucking industry. They claim their staff has more than 150 years of experience in the factoring industry, and they have a number of innovative programs that are sure to appeal to trucking companies larger and small. The business was founded in 1999, and is based in Madison, SD.
One of Assist Financial Services’s strongest advantages is they offer 24 hour funding, which ensures that your business will have the resources on hand to grow your business, complete projects, and meet your payroll obligations, which can be a burden for some businesses.
Assist Financial Services is also strong in that they have many services other than invoice factoring that trucking companies can take advantage of, including an online invoice management service, a fuel card program, free collection services, and more. This makes them stand out above other invoice factoring services that focus on trucking.
Finally, 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.
However, there are some issues with Assist Financial Services. 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.
Assist Financial Services 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, their services are limited to the market they focus on. This reduces their broader appeal and take them out of contention for the best invoice factoring companies. It doesn’t mean that they’re necessarily bad, but a broad appeal is something we look for when determining the best factoring services for our readers.
Assist Financial Services are a solid choice if you are operating a trucking industry. Their online invoice tracking, free collections service, and fuel card program help them rise above many other trucking focused factoring companies we reviewed.