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DB Squared Invoice Factoring Review
DB Squared is an invoice factoring company that opened in 2009. They work with many industries, including distribution, food and beverage, tech, manufacturing, service, small businesses, staffing, textiles, and more. They are based in Washington, and have a number of services other than invoice factoring that will make them appealing to many different businesses, including fuel cards and collections services.
One of DB Squared’s best qualities is they offer non-recourse factoring. This works out well for companies because they don’t have to worry about a chargeback if the client doesn’t pay their invoice. These chargebacks can create serious revenue issues, and may impair business operations.
DB Squared is also strong in that 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.
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 DB Squared. 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.
DB Squared also loses points because 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.
Finally, they have more complaints about their customer service than most of the invoice factoring companies we looked into. Lowercustomer service marks generally also go with lower grades for overall customer satisfaction.
DB Squared is an excellent choice for invoice factoring for many different companies. They have a range of services, advantageous discount rates, fast funding, and offer the preferential non-recourse factoring. This puts them in contention to be one of the best invoice factoring companies around.