While you are looking for a factoring company, consider your industry. Factors tend to target specific industries. Key among these, CONSTRUCTION, 3rd PARTY HEALTHCARE, and TRUCKING. The construction industry has its own set of payment terms including retainage, and you get paid when we get paid. This means a factoring company will know how to mitigate any potential problems due to their frequency of funding construction deals. Likewise with healthcare or health insurance invoices, there are everyday issues that need to be tended to, including interacting with the government for Medicaid and Medicare invoices. Same for trucking, bills of lading, brokers, and owner operators.
All this is to say, make sure that the factoring company finances invoices in your industry on a regular basis.