Turn Your Invoices Into Cash Today
Quick Funding (24 hours)
Match Factors Invoice Factoring Review
Match Factors is an invoice factoring company based in Florence, SC. They focus on the trucking industry, and have been in business since 1985. In addition to invoice factoring, they also offer services like collections, credit reports, digital invoice processing fuel cards, and online reporting.
One of Match Factors’s strongest advantages is they offer a 95% cash advance on most invoice factors. This is a much higher rate than you generally see in the invoice factoring industry, and gets businesses access to more of their cash faster, letting them focus on growing instead of collecting.
Match Factors is also strong in that their website is easy to use and has helpful information explaining what factoring is, how it works, and how companies can benefit from it. Our research indicates that companys with better websites are more likely to have high marks for customer service and satisfaction.
Finally, they don’t offer 24 hour funding, which can leave some businesses in a capital crunch if they’re facing large expenses, like payroll, in the next day or two. This lack of quick funding takes them down a few points compared to some other companies that giv
However, there are some issues with Match Factors. 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.
Match Factors also loses points because they have higher fees than most of the other invoice factoring companies we researched. This can be a deal breaker for many business that are looking to invoice factoring because they have a problem with cash-on-hand.
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.
Match Factors is an interesting choice for invoice factoring services. They have one of the best initial fundings on the market, but their discount rate can reach 10%, so there’s a wide range where they go from desireable to deplorable.