Pros

One of the best things about Interstate Capital finance is that they have a number of industry specializations. This makes them a great place to go for manufacturing, staffing, printing, consultant, and contractor work. They will factor government invoices and have different programs that fit the needs of each industry. Interstate Capital invoice factoring is offered through an online application that produces a fast, 24 hours or less turnaround time on the response. Funding can take as little as three days from starting the application to the money being in your account. They have a solid referral program as well as an instant quote feature that gives businesses a good idea of what kind of offer they can get without filling out a complete application. Their factoring rates can be as low as 0.49%, which is among the lowest out of all the companies we’ve looked at.

Cons

One of the major issues with Interstate Capital invoice factoring is how little transparency is offered for their rates and fees. We couldn’t find any information about their fee structure, and while their minimum discount rate is available, that won’t be what most companies that are looking for invoice factoring services are offered. There were also complaints regarding Interstate Capital’s customer support, with some reviewers saying that the person they spoke to on the phone was rude and unhelpful. It isn’t clear if this is a case of one problem employee or if it is widespread across the company.