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invoice factoring company reviews

Steelhead Finance Invoice Factoring Review

Steelhead Finance Invoice Factoring Review


Steelhead Finance is an invoice factoring company based in Medford, OR. They were founded in 1981, and focus on the manufacturing, small business, staffing, and trucking industries. In addition to invoice factoring, they offer clients collections services, credit reports, digital invoice processing, fuel cards, and online reporting.


One of Steelhead Finance’s greatest attributes is they provide funding incredibly quickly once you factor an invoice. You can use this capital to meet payroll, invest in new technologies, or anything else that might help grow your business.

Steelhead Finance is also strong in that 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.

Finally, they received excellent marks for customer service. We found their representatives to be well informed and knoweldgeable, and were able to answer our questions. Better customer service usually leads to better customer satisfaction according to our researc


However, there are some issues with Steelhead Finance. The first is 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.

Steelhead Finance also suffers because their fees are on the high end of what we expect in the industry. This brings them down a few marks because fees can be a red flag for other pricing transparency issues. Greater fees also relate to lower customer satisfaction in our research.

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.


Steelhead Finance are a middle of the pack style invoice factoring company, they offer many useful services for their clients, but their high discount rate and lack of pricing trasparency keep them from breaking out of the pack.