Interstate Capital is a factoring company that offers flexible financial solutions to growing businesses in the U.S. and Canada. It mainly caters to motor carriers, freight brokers, manufacturers, staffing services, oilfield services, and other service businesses. Ready to get started? Get a free quote.
Summary of Positive Interstate Capital Reviews
As of the date this article was written (February 19, 2019), there aren’t many positive Interstate Capital client reviews online. However, most clients are happy with its easy application process and quick funding release. Some also commended its excellent customer service.
Summary of Negative Interstate Capital Reviews
There are very few negative Interstate Capital client reviews as of this writing. However, some of them wished for a more transparent presentation of its fees, rates, and other disclaimers.
Interstate Capital Pricing
Interstate Capital pricing includes customized rates that start at 0.49%, with advance rates that are up to 100%. There is no limit on the amount that a client can factor. It also does not charge an application fee. The company offers same-day funding and 24/7 automatic credit approvals.
Ready to get started with Interstate Capital? Get a free quote.
Top Invoice Factoring Companies 2019
Top Invoice Factoring Companies Pick From Fit Small Business
6 Best Invoice Factoring Companies: With invoice factoring, your unpaid invoices are converted into immediate cash through an advance of 80% to 90% of the total amount owed. We reviewed invoice factoring companies to find the six best factoring companies. These companies are experienced at collecting payments for small businesses, with some of the best advance and discount rates in the industry.
Interstate Capital Features
Check out the list below of some of Interstate Capital’s features:
- Same-day funding
- Interstate mobile app
- Professional collections services
- In-house credit checks and support
- Platinum broker program
Interstate Capital FAQs
Do the clients have to factor all their invoices?
No. Clients are free to factor as many invoices as they desire within the framework of the factoring agreement. They can also choose which invoices they would like to factor.
What happens if the client sends Interstate Capital an invoice that his customer fails to pay?
If your customer fails to pay a factored invoice within 90 days, you are responsible for “repurchasing” the invoice unless it was approved to be purchased on a “non-recourse” basis.