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Enoble Capital Invoice Factoring Review
Overview
Enoble Capital is based in Memphis, TN. They focus exclusively on the trucking industry, and offer a numer of valuable services, including credit reports, collection services, digital invoice processing, and fuel card options.
Pros
One of Enoble Capital’s best features is they provide non-recourse funding, which means that there’s no risk of a chargeback if your client doesn’t pay their invoice. Non-recourse factoring provides a more secure revenue stream that recourse factoring, making it preferable in almost every instan
Enoble Capital has the added benefit of the fact 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 have an excellent discount rate, which means companies that factor with them will keep more of their money. As a result, you’ll get more of your money faster, letting you develop your business and get the tools and resources you need to grow.
Cons
However, there are some issues with Enoble Capital. The first is their website leaves much to be desired. It is difficult to navigate and doesn’t have the features or information that one would expect when researching invoice factoring companies.
Enoble Capital 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 don’t give the impression of professionalism that you would expect from a company providing finanical or business services. This takes them down a bit compared to other companies we’ve looked at.
Verdict
Enoble Capital isn’t a company that we can recommend as of this review, as they seem to be in the middle of being purchsed by another financial products company. Check back for more updates as we let you know if Enoble is the right factoring option for your company.