Invoice Factoring in Texas: Get Invoices Paid in Days for Convenient Capital.

You’ve decided that you need accounts receivable factoring services, but how do you choose the best factoring company in Texas for your business? The fact is that there are many factoring companies in San Antonio and across Texas to review, but only a few will be a good fit.

We’ve developed a deep understanding of our clients’ needs and concerns in their search for the best factoring company. We’re sharing what we’ve learned below so you know what to evaluate each company you’re considering and why. 

Here are some other key factors to look for when evaluating a best-in-class factoring company:

• Speed. Slow-paying customers and lengthy net payment cycles are top reasons to factor invoices. According to 2021 customer data, factoring an unpaid invoice with FundThrough cuts wait times to get paid by up to 97%. A top factoring company should be able to pay outstanding invoices within days, not weeks. That way, you can rapidly tap into working capital to reduce cash flow issues or take on new projects.

• Industry experience. Different industries have different norms for payment terms and invoicing. A company that understands them will be easier for you to work with. The oil and gas industry is the perfect example with common payment terms of 90 or 120 days or more. FundThrough has extensive experience in oil and gas (we even have an integration with OpenInvoice!), which might be relevant if you’re looking for Texas invoice factoring companies.

• Ease. Working with an invoice factoring company should be easy. Applying for a bank loan or line of credit is a labor-intensive, uncertain process. An online factoring service avoids the hassles of traditional banking and opens the door to accessible working capital. The FundThrough online application process takes minutes instead of hours. We use AI, automation, and accounting integrations to accelerate the application and approvals process.
• Transparency. There are Texas factoring companies that appear to have low rates, but then charge hidden fees for account setup and invoice processing. At FundThrough, we believe in transparent pricing. We provide clear, no-nonsense competitive rates with no hidden fees. In other words, what you see is what you get! You’ll always know the pricing of factoring an invoice before accepting funding. We’ll also tell you up front which invoices we can and cannot fund. Review our pricing page for all the details about FundThrough’s invoice factoring services.
• Treating Your Customers Well. Your Texas factoring company should be a partner in your success. We work with you every step of the way to getting you funded, while also treating your customers like our own. As entrepreneurs ourselves, we understand how hard you’ve worked to build a good relationship with your clients, and we have a defined approach for keeping it that way. Contact us if you have any questions about our invoice factoring services—we’d love to answer them.