Pros

One of Eagle Business Credit’s strongest advantages is 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.

Eagle Business Credit has the added benefit of the fact that they offer other services in addition to invoice fatoring that will make them appealing to many companies, including digital invoice management, fuel crard programs, online reporting, and collection services. This range of services exceeds that of most invoice factoring companies we reviewed and give them some extra points in our review.

Finally, they have a favorable fee structure, which can save customers a lot of money. Our research found that lower fees are generally indicitive of better performance and fewer customer complaints regarding pricing.

Cons

However, there are some issues with Eagle Business Credit. 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.

Eagle Business Credit also loses points because they only provide recourse factoring, leaving your company at risk of a large chargeback if your client doesn’t pay their bill. This situation can result in cash-on-hand issues for many businesses and we don’t recommend if non-recourse factoring is an option.

Finally, they have one of the higher discount rates out of the companies we looked at, and that means that companies are paying more for factoring services. As a result, they’ll have less capital to develop and grow their business.