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Dash Point Financial Invoice Factoring Review
Dash Point Financial is an invoice factoring company that focuses exclusively on small businesses. This will provide some relieft to companies that are worried they won’t be able to get the attention and service they want from a factoring company because of their size. It is based in Washington, and has been open since 1994.
One of Dash Point Financial’s strongest advantages is they offer funding for companies that are doing less than 10k/month in invoices. This is a much lower minimum than many other invoice factoring companies require, and shows the focuse that Dash Point has on small business services.
Dash Point Financial has the added benefit of the fact that 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.
Finally, their fee structure is very reasonable when compared to other invoice fatoring companies we looked at. This means more predictable pricing and generally goes along with a better customer experience.
However, there are some issues with Dash Point Financial. 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.
Dash Point Financial also suffers because their biggest issue is that they only offer initial funding from 75-80%. This is on the low end of the invoice factoring companies we looked at, however the fact that all of this information is 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.ly labeled on their website in an easy to use comparison chart makes us more than willing to forgive them.
Finally, they require an initial $10k credit line, and this might be more than some small businesses want to take out with a factoring company. However, this is the minority of cases, and in most instances $10k is rght around the exact point that a small company will want to be in for a credit line with a factoring agency.
Dash Point Financial are one of the best small business factoring services we looked at. They work in a number of industires, have clear, easy to understand fees and prices, and offer excellent value-for-money when compared to many other invoice factoring companies we reviewed.