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Robinson Factors LLC Invoice Factoring Review
Robinson Factors LLC is an invoice factoring company based in Prince George, VA. They were established in 2015 and have a monthly funding range of $50k-$5M. They work exclusively with the trucking industry and offer collections, credit reports, digital invoice processing, fuel cards, and online reporting to their clients.
One of Robinson Factors LLC’s strongest advantages is they offer 24 hour funding, which ensures that your business will have the resources on hand to grow your business, complete projects, and meet your payroll obligations, which can be a burden for some businesses.
Robinson Factors LLC sports another positive trait, which is that they offer non-recourse factoring. This works out well for companies because they don’t have to worry about a chargeback if the client doesn’t pay their invoice. These chargebacks can create serious revenue issues, and may impair business operations.
Finally, they can help many different companies find the right factoring solution for their specific needs. This is because their service is very flexible and can accomadate the issues that many different businesses face.
However, there are some issues with Robinson Factors LLC. The first is 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.
Robinson Factors LLC also suffers because their website leaves much to be desired. It is difficult to navigate and doesn’t have the features or information that one would expect when researching invoice factoring companies.
Finally, they don’t have much or any information on their site regarding pricing on contract information. As a result you’ll have to get in touch with them if you’re considering their factoring services. much or any information on their site regarding pricing on s that lack transparency are moer likely to have customer service satisfaction issues. s that lack transparency are more likely to have customer satisfaction issues.
Robinson Factors LLC are a middle of the road invoice factoring company. They have some good services and offer non-recourse financing, but their rates are higher than most of the other companies we reviewed. This keeps them out of our list of the best invoice factoring companies.