New Century Financial is a Houston-based private financial firm operating in the factoring and asset-based lending industry. It provides financing for small to mid-sized businesses and loans for equipment and working capital. In this article, we cover New Century Financial reviews and pricing. Ready to get started? Apply now.
Summary of Positive New Century Financial Reviews
As of the date this article was written (February 13, 2019), there aren’t many positive New Century Capital reviews online. However, some clients mentioned that the application process with the company is fast and simple. Others commended its excellent customer support.
Summary of Negative New Century Financial Reviews
There are no up-to-date user reviews of New Century Financial online as of this writing. If you are a past or current New Century Financial customer, leave a review to help other business owners who are deciding whether or not to use the company’s services.
New Century Financial Pricing
New Century Financial provides factoring facilities from $25,000 in excess of $5 million. The company also advances anywhere from 80% to 90% of the gross invoice. There are no startup, application, due diligence, or termination fees. Interested clients may contact its sales team for more information on New Century Financial pricing and rates.
Ready to get started with New Century Financial? Apply now.
Top New Century Financial Pick from Fit Small Business
6 Best Invoice Factoring Companies 2018 – 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.
New Century Financial Features
Check out the list below of some of New Century Financial features:
- Bilingual staff email and telephone customer support
- Instant pre-approval
- Individualized client assistance
- Same-day availability of funds
New Century Financial FAQs
How long does it take to process an application?
New Century Financial’s Instant Pre-Approval process takes only two minutes. Once pre-approved and required documents are received, the company can submit a formal proposal in less than 24 hours.
How is accounts receivable funding different from a bank loan?
During the application and approval process, New Century Financial considers the overall strength of your company, including the creditworthiness of the customers and the strength of the client-customer relationship, client’s industry, documentation, etc. On the other hand, banks focus on the client’s company’s financial strength.
Accounts receivable financing is not a loan; therefore, no debt is entered on business’ balance sheet. New Century Financial can make a quick decision, while banks may take weeks—even months—to approve a loan.
New Century Financial Alternatives
Have you read these New Century Financial reviews and are still not sure if it’s the right fit for you? Read our reviews of all top invoice factoring companies or check out one of these three New Century Financial competitors.