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RMP-Capital Corp Invoice Factoring Review
RMP-Capital Corp offers a number of different invoice factoring services to fit different industries. They have a favorable initial funding rate, but does have some issues with customer service complaints. It was founded in 2000 and is based in Islandia, New York.
RMP offers many different invoice factoring programs that are specialized to different industries. The industries they work with include trucking, government contractors, service, public works, and small businesses. They offer a 90% initial funding rate, which is higher than the industry standard of 80%, and means that businesses will have access to more of their money sooner. Company portfolios are between $250,000 and $3 million. Additionally, RMP-Capital Corp will help businesses pick the right product for them, which matters as they have a number of different funding options, including invoice factoring, purchase order financing, and rediscounting programs.
A number of the reviews we could find complained about customer service issues. To be clear, these were issues with customer service for already-signed up customers, not issues with sales reps, which is a worthwhile distinction. Some of the reviews indicated a long wait time between asking for assistance and getting contacted back, and some reviewers said they were completely unable to get responses to their inquiries. RMP-Capital Corp also suffers from a lack of pricing transparency, and we weren’t able to get clear information on the discount rate they charge within their various programs or the fee structure. However, based on customer reviews, we can confidently state that at least some RMP-Capital contracts involve termination fees, which can dissuade some businesses from working with them.
RMP-Capital is a good place to comparison shop for invoice factoring. They may well be the best option for some businesses, but they don’t offer enough information for us to confidently recommend them for everyone.