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Greenbridge Finance Invoice Factoring Review
Greenbridge Finance is an invoice factoring company that serves almost every industry. They are based in Minneapolis, MN, and have worked with agriculture, construction, distribution, food and beverage, government, healthcare, tech, oil and gas, manufacturing, staffing, textiles, and many more industries, and thus have likely worked with a business similar to yours.
One of Greenbridge Finance’s greatest attributes is they provide invoice factoring services for companies in a range of different industries. As a result, they have the experience that your business needs when it comes to dealing with your specific cash flow situation.
Greenbridge Finance sports another positive trait, which is that they were praised by many customers for the quality of their customer service. This is a good sign, as companies that have good customer service generally also have better marks for customer satisfaction based on the research we did on invoice factoring companies.
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 Greenbridge Finance. The first 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 to apples comparison, costing them points in our review.
Greenbridge Finance also loses points because 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.
Finally, their fees are more than you would expect from an invoice factoring company, and that may be a deterrent for many small businesses. Moreover, fees usually indicate that there might be other issues with pricing transparency or customer service.
Greenbridge Finance are a middle of the pack invoice factoring option. They do a bit of everything, but don’t specialize in anything, which means that they will likely always be a mediocere choice.