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AdvancePoint Capital review

Fast recourse and nonrecourse factoring with 90% advance rates for trucking and staffing industries.

Bottom line: AdvancePoint Capital factoring can connect you with an advance as soon as the next business day. But unless you’re in the trucking or staffing industry, you might find a higher advance rate elsewhere. Read our full review or get our 30-second take.


Max. Amount$2,500,000
Loan TermUp to 120 days
APRNot applicable


  • Access funds as soon as the next day
  • No credit check for business owners
  • Recourse and nonrecourse available


  • No advance rates over 85% for most industries
  • Conflicting information on website
  • Higher fees for longer terms

Our take on AdvancePoint Capital

AdvancePoint Capital is an online marketplace that specializes in alternative business financing, including invoice factoring. It works with a range of factoring companies that offer credit lines up to $2.5 million with industry-standard rates.

It could be a good option for established businesses that are new to factoring and struggle to qualify for traditional financing. There's no hard credit check, and its partners charge fees are average for a factoring company. But it's still more expensive than a business term loan.

The advance rates available are on the lower end, maxing out at 85% for most industries. If you need a larger percentage of your accounts receivables up front, consider another factoring company — or consider traditional invoice financing.

AdvancePoint Capital invoice financing fees and terms

AdvancePoint Capital's partners typically charge a service fee of 1% to 3% of your accounts receivable value. The cost depends on factors like the amount you're factoring, when payment is due and how risky the factoring company sees your clients.

While AdvancePoint Capital advertises factoring for invoices due within 90 days, its partners offer terms as long as 120 days — or even 150 days in some rare instances. Often, the longer the term, the higher the fee you'll pay.

Most of AdvancePoint Capital's partners offer nonrecourse factoring, which means that you're required to pay for any invoices that your clients fail to fill by the end of your term. But there are a few options for recourse factoring, where the factoring company will absorb any unpaid accounts receivables.

Recourse factoring usually comes with a higher fee than nonrecourse factoring. AdvancePoint Capital recommends you only consider recourse factoring if your business is profitable and has clients that have a history of on-time payment.

How AdvancePoint Capital compares to other lenders

Here's how AdvancePoint Capital stacks up to other online business loan marketplaces that offer alternative business financing.

With over 300 partners, Lendio is one of the largest online marketplaces out there. It's up front about the rates, fees and terms its partners offer. You can find a factor rate as low as 2% and an advance rate of up to 90% of your unpaid invoices' value through its partners.

Biz2Credit's partners don't specifically offer factoring. But its working capital loans can get your business between $25,000 and $2 million within 24 hours — even with bad credit.

Not yet rated

Find out more

Loan amount

Up to $2,500,000


Not applicable

Loan term

Up to 120 days



Finder Rating: 4.75 / 5

Check eligibility

Loan amount

$500 to $5,000,000


Starting at 6%

Loan term

12 to 300 months


Operate business in US or Canada, have a business bank account, 560+ personal credit score

AdvancePoint Capital reviews and complaints

BBB accredited Yes
BBB rating A+
Customer reviews verified as of 14 June 2021

AdvancePoint Capital doesn't have any customer reviews on popular review sites like Trustpilot or the Better Business Bureau — or even Yelp. This is fairly common for online marketplaces, as customers tend to write reviews of the lender they borrow from instead.

But you might want to take a close look at the privacy policy and terms of use before you submit your information so you know how it's being shared. One common complaint about connection services is that users often get a high volume of calls and emails from lenders well after they've received a loan.

How to qualify

AdvancePoint Capital doesn't have any hard requirements other than having unpaid invoices due within 90 days. But different factoring companies may have additional eligibility criteria, such as minimum annual revenue or time in business. Since factoring companies check the credit of your clients, a bad credit score shouldn't affect your ability to get approved for a competitive rate.

How to get connected with a factoring company

You can get connected with one of AdvancePoint Capital's factoring companies by first filling out a quick preapproval form online with basic information about yourself or your company. If AdvancePoint Capital thinks your business is eligible for a loan, you'll receive directions on how to fill out its one-page application and submit paperwork.

Typically it takes between four to six business hours to get a response from a factoring company. After you review and sign your loan contract, funding can be sent to your business account as soon as the next business day.

What sets it apart

While factoring can sometimes take days, AdvancePoint Capital is relatively fast — and has a slightly lower-than-average maximum advance rate for most industries.

But other than that, it's as standard as it gets when it comes to accounts receivable financing. Fees, terms and amounts are well within what you might expect to see from most providers. And like most marketplaces, it's unfortunately not up front about the factoring companies it partners with.

Compare our picks for the best business loans of October 2021 to see how AdvancePoint Capital stacks up. Or, read about other factoring companies.

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