Business Financial Fitness Blog

This article presents benchmark data on typical NET payment terms across eight major industries, based on insights from over 1,000 factoring clients. By understanding what’s standard in your sector, you can better negotiate terms, manage cash flow, and stay competitive. Use this research as a practical reference to compare your company’s payment practices with industry norms.

This in-depth guide explains how factoring companies evaluate the creditworthiness of your customers—an essential step in determining your eligibility for invoice factoring, as well as the terms you’ll receive. It outlines the tools factors use, such as credit reporting agencies and credit insurance providers, and details how elements like customer concentration, industry risk, and payment history influence decisions. It features 15 real-world examples to illustrate how various scenarios impact funding outcomes and offers actionable tips for businesses seeking better factoring terms.

When searching for a factoring company, many businesses look for one “near me”, but in today’s digital world, location is no longer a deciding factor. In this article, we explain why remote factoring is just as effective (if not better), how some companies create the illusion of being local, and what you should really look for in a funding partner.