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Financial Carrier Services Invoice Factoring Review
Financial Carrier Services is an invoice factoring and accounts receivable financing company based in Charlotte, NC. They opened in 2010 and work with the food and beverage, government, manufacturing, small business, textiles, and trucking industries. In addition to invoice factoring services they also handle collections, and provide fuel card programs, online reporting, digital invoice tracking, and more.
One of Financial Carrier Services’s strongest aspects 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
Financial Carrier Services is also strong in that 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.
Finally, they had solid reviews from cutomers relating to their customer service. Invoice factoring companies with strong customer service also frequenty had better scores for customer satisfaction.
However, there are some issues with Financial Carrier Services. 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.
Financial Carrier Services also loses points because they don’t have a very good website, which is a red flag in today’s internet-obsessed culture. Oftentimes we found that a slow or bad website corrosponds to lower marks for customer service and satisfaction.
Finally, their discount rate is on the high end, reducing the amount of money your company gets from its invoices. This can be a problem if your business runs on a tight profit margin, and knocks them down a bit in our review.
Financial Carrier Services is a good choice for invoice factoring. We’d like to see some more transparent information so we can do a true apples to apples comparison, but they seem like a solid place to start looking for invoice factoring.