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Capefirst Funding Invoice Factoring Review
Capefirst Funding is an invoice factoring and receivables servicing company based near Washington, D.C.. They work with a fair number of industries, including distribution, government contractors, manufacturing, trucking, and service providers. The company was started in 2005 and offers a number of other services in addition to invoice factoring, including leasing, term debt, and equity products.
One of Capefirst Funding’s best features is they will frequently provide funding on factored invoices within 24 hours. This speed of deposit can really help protect the revenue stream of your business, and ensures you have the capital you need to complete projects and grow.
Capefirst Funding is also strong in that they provide fast cash for companies that are facing cash issues. This can help a business grow by providing it the capital needed to complete more advanced and lucrative projects.
Finally, they have many other services, described in the overview, that will help companies who are a bit short on receivables. This creates an added flexibility that we give bonus points for, as most factoring companies don’t offer these services to their custome
However, there are some issues with Capefirst Funding. The first is their website isn’t very easy to use and lacks much of the information that a potential customer might want, including explanations of factoring and other elements of their service.
Capefirst Funding 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 have higher fees than most of the other invoice factoring companies we researched. This can be a deal breaker for many business that are looking to invoice factoring because they have a problem with cash-on-hand.
Capefirst Funding are a decent invoice factoring company, but they need to be better about webpage navigation and clear pricing before we can recommend them as a top invoice factoring company.